US vs China Trade WAR!
Jewelry Industry Effects of Trade Tiff US Trump and China.
Just Reminder, ORIO - Jewelry Factory in Thailand
July 20 2018 - Update
WASHINGTON (Reuters) - U.S. President Donald Trump on Friday said he was ready to impose tariffs on all $500 billion of imported goods from China, threatening to escalate a clash over trade policy that has unnerved financial markets.
July 7 2018
Trump’s TRADE WAR on China finally broke out on July 7, when a 25 percent tariff began to be levied on $34 billion worth of Chinese goods. But the story does not stop here. The U.S. administration has threatened another $200 billion worth of Chinese imports with a 10 percent tariff.
U.S. President Donald Trump's administration officially instituted 25% duties on $34 billion worth of Chinese goods. The following week, the U.S. released a list of Chinese goods with an annual trade value of about $200 billion that be add to 10% tariffs.
About two dozen Chinese jewelry items and jewelry-related materials may soon be slapped with tariffs, as President Trump escalates his trade war against China.
"The trade war with the U.S. couldn’t have come at a worse timing for China, which had just begun focusing "in earnest" on fixing problems with its economy."