China’s furniture makers hope for trade war’s end as US orders ‘disappear’ following the 25 per cent import tariff

//China’s furniture makers hope for trade war’s end as US orders ‘disappear’ following the 25 per cent import tariff

China’s furniture makers hope for trade war’s end as US orders ‘disappear’ following the 25 per cent import tariff

Chinese furniture makers, hard hit by a higher tariff on exports to the US last month, see a ray of hope from the apparent trade detente between the world’s two largest economies following the G20 summit in Japan last month.The agreement between US and Chinese officials to resume economic and trade negotiations has been welcomed by furniture makers who say their US buyers have practically disappeared since their goods were subject to a 25 per cent levy on June 1. The tariff replaced a 10 per…

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By | 2019-07-07T23:00:10+00:00 July 7th, 2019|Headlines|Comments Off on China’s furniture makers hope for trade war’s end as US orders ‘disappear’ following the 25 per cent import tariff