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December 16, 2019

China and U.S. reach trade agreement- tariffs on wood products stay in place

China and U.S. reach trade agreement- tariffs on wood products stay in place
Chinese wood products will continue to face 25% tariffs, according to a phase one trade agreement reached Friday between China and U.S.    According to a statement by the United States Trade Representative, some $250 billion in Chinese-made goods will continue to face tariffs of 25%. This third round of tariffs, also called List 3, includes about $200 billion in products, including furniture.    Also remaining at 25% are products on List 1, representing $34 billion in goods and products on List 2, which represents $16 billion in goods. Another $120 billion ...

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