Washington Update

September 28th, 2018

US-China trade tensions escalate as tariffs and trade rhetoric intensify

Section 301 tariffs

The United States and China officially imposed additional tariffs on each other’s products on Monday. The United Statesimplemented an additional tariff rate of 10 percent on $200 billion of Chinese imports, which will be raised to 25 percent by the beginning of next year. China retaliated with tariff rates of 5 and 10 percent on $60 billion of US imports.

Together with the...

September 21st, 2018
By Angela Deng

The United States and China to impose additional tariffs next week

Trade tensions between the United States and China rose this week when both countries announced their decisions to start imposing additional tariffs on each other’s goods on September 24. The United States will implement a additional tariff rate of 10 percent on $200 billion of Chinese imports, which will be raised to 25 percent at the beginning of next year. In retaliation, China will impose additional tariffs of 5 or...

September 15th, 2018
By Angela Deng

Secretary of Treasury Steven Mnuchin invites Vice Premier Liu He to talk

Earlier this week, Secretary of the Treasury Steven Mnuchin sent an invitation to China’s Vice Premier Liu He to hold higher-level talks on US-China trade. While both sides have confirmed the invitation, it is unclear whether a meeting will take place and the level of participants. It is also uncertain what will be on the agenda for discussion. The invitation comes as the United States is still considering...

September 7th, 2018
By Angela Deng

US-China trade tensions could escalate

The United States is expected to impose tariffs on an additional $200 billion of Chinese exports in the coming days, soon after the public comment period ended at midnight Thursday. Recent talks between the United States and China on August 22 and 23 ended with no signs of progress on substantive issues that may have averted the new tariffs.

Earlier today, President Trump reinforced that a 10 or 25 percent additional tariff rate will be...