Trump Administration Imposes 25% Tariffs on Chinese Goods

Reuters
May 15, 2019
Government

As of May 10, the U.S. raised tariffs on 5,700 different categories of products to 25 percent, according to reporting by Reuters. The Trump administration imposed a tariff of 10 percent on about $200 billion in Chinese imports on Sept. 17. The new tariffs went into effect on the second day of trade talks with Liu He, the Chinese vice premier. More than 5,700 products are affected, including wood products, float glass and fabricated glass products, as well as machinery parts and other products used for the window and door industry. 

Exactly half of the respondents in January's Industry Pulse survey reported negative business effects due to tariffs and trade policy. The majority—60 percent—did not intend to alter product offerings due to the tariffs, while 93 percent anticipated increased material costs this year. Across the board, respondents planned to raise prices to offset higher material costs.

Learn more about tariffs from Window & Door's sister publication, Glass Magazine. 



https://www.reuters.com/