Global Fastener News

Trump Tariffs Escalate: Fasteners and Nuts From China See Further Duty Hikes

Trump Tariffs Escalate: Fasteners and Nuts From China See Further Duty Hikes
September 03
18:05 2019

Twelve hours after China said it would retaliate against U.S. President Donald Trump’s next round of tariffs by raising taxes on American goods, Trump said he would bolster existing tariffs on $250 billion worth of Chinese goods to 30% from 25% on Oct. 1, including duties on bolts, screws and other fasteners manufactured in China. Trump also said the U.S. would tax another $300 billion worth of Chinese imports at a 15% rate, which includes all iron and steel nuts (HTS subheading 7318.16.00) imported from China.

This content is for FIN subscribers. If you are a subscriber, please login. If not, please subscribe for access to Fastener Industry News.
Log In Subscribe

Related Articles

Register for our Mailing List

Sign up now to receive valuable weekly news about the fastener companies, people, and trends impacting the industry. REGISTER NOW
error: Content is protected !!