Global Trade Alert Message:
The United States will hold off on raising China tariffs to 25 percent as President Trump and President Xi of China have agreed to a 90-day truce. The White House announced that “President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10 percent rate, and not raise it to 25 percent at this time.”
This Global Trade Alert is for the third tranche of China tariffs only. Tranches 1 and 2 will remain at 25 percent.
More details regarding the tariffs can be read here: https://www.cnbc.com/2018/us-china-tariffs