Tariff Truce – No Additional Tariffs Levied between China-U.S. for 90-day Negotiation Window

Following a handshake agreement between U.S. President Trump and Chinese President Xi at the G20 summit, no additional tariffs between the countries will be levied during a 90-day negotiation period which began in early December. The 10-percent tariff on 23 types of planting seeds will remain but will not increase to 25-percent on January 1 as previously discussed. The negotiations are led by U.S. Trade Representative Lighthizer and Treasury Secretary Mnuchin along with China’s Vice-Premier Liu He. It remains to be seen what progress must be made before the countries will lower or eliminate the tariffs all together.

ASTA is working on tariff mitigation solutions for products that are re-exported from the United States. Contact Virginia Houston and Abigail Struxness with any questions.