Daily Archives: May 8, 2019

Update on the US – China Trade War

Late on Friday, May 3, a diplomatic cable from China to Washington edited out core provisions from the 150-page draft agreement that had been the result of months of negotiations between the two countries. Instead of a signing ceremony possibly by the end of May, the US will now raise duties from 10% to 25% on $200 B of imports from China at 12:01 AM on May 10th and may apply duties to an additional $325 B that have not yet been hit with duties – essentially impacting everything the US imports from China.

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