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Article Date: January 2020
Word Count: 761

U.S., China Sign Trade Deal; Industry’s Paid $472.3 Million


The U.S. and China signed their Phase One trade deal that will commit China to purchase some $200 billion in U.S. goods over the next two years in return for cancelling the List 4B duties that would have gone into effect Dec. 1 and rolling back the 15% duties to 7.5% going forward on List 4A imports. Our analysis of the ITC database shows that the List 3 and List 4A duties have cost the industry a total of $472.3 million so far, most of which has come directly out of the bottom lines of importers who were unable to ... Log in to view full article.

 


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