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May 10, 2019

25% US tariffs on wide range of Chinese wood products enforced on 10th of May

25% US tariffs on wide range of Chinese wood products enforced on 10th of May
President Donald Trump’s increased tariffs on $200 billion in Chinese imports took effect as of 12:01 Eastern time Friday, escalating tensions with Beijing.    The Trump administration raised the import taxes on those goods from 10% to 25%. China has threatened to retaliate if Trump proceeded with his threat to raise those tariffs.    The Trump team is intensifying its trade war with Beijing, which it claims reneged on commitments it had made in earlier trade talks. The tariff increase took effect even after negotiators for the two sides resumed talks Thursday ...

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