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Trump tariff war with China sends US dealers to buy binge

Trump Announces New Prices on China President Trump announces tariffs of another $ 200 billion Chinese goods. FOX Business & # 39; Edward Lawrence reports on the exceptions included in the latest round rate. Concerned about the US-China customs warfare, retailers have acquired inventory. Resellers store Chinese imports of all kinds – microwaves vacuum cleaner filters, swimwear, furniture, according to Amy Magnus, head of the National Customs Brokers & Forwarders Association of America. Magnus is one of over ten agents, dealers, salespeople, analysts and supply chain experts who told Reuters that retailers have stored inventory from China to avoid higher charges that can kick in next year. The National Retail Federation (NRF) and Hackett Associates have reported that imports at major US retail ports increased by 1 3.6 percent to a record of 2.04 million containers in October. It helped push the US trade deficit with China to record high. Stores like Walmart, Target, TJX Companies and Macy raced to buy Chinese products in September, according to Reuters. This was when the Trump Administration announced that 25 percent tariffs came into force on January 1, 200 billion dollars for imports from China. The United States and China have since agreed on a 90-day trade war value until March 2, but supply chains and suppliers said this has not been slow to buy or forward orders because tariffs could still be canceled. Source link

Trump Announces New Prices on China

President Trump announces tariffs of another $ 200 billion Chinese goods. FOX Business & # 39; Edward Lawrence reports on the exceptions included in the latest round rate.

Concerned about the US-China customs warfare, retailers have acquired inventory.

Resellers store Chinese imports of all kinds – microwaves vacuum cleaner filters, swimwear, furniture, according to Amy Magnus, head of the National Customs Brokers & Forwarders Association of America.

Magnus is one of over ten agents, dealers, salespeople, analysts and supply chain experts who told Reuters that retailers have stored inventory from China to avoid higher charges that can kick in next year.

The National Retail Federation (NRF) and Hackett Associates have reported that imports at major US retail ports increased by 1

3.6 percent to a record of 2.04 million containers in October.

It helped push the US trade deficit with China to record high.

Stores like Walmart, Target, TJX Companies and Macy raced to buy Chinese products in September, according to Reuters.

This was when the Trump Administration announced that 25 percent tariffs came into force on January 1, 200 billion dollars for imports from China.

The United States and China have since agreed on a 90-day trade war value until March 2, but supply chains and suppliers said this has not been slow to buy or forward orders because tariffs could still be canceled.


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