Trade War Current Status:

 

Total US tariffs applied exclusively to China: US$250 billion

Total Chinese tariffs applied exclusively to US: US$110 billion

 

Latest Update:

President Xi Jinping addressed world leaders at the Belt to Road forum in Beijing on Friday, April 26th about plans to resolve a variety of issues at the core of the U.S. – China trade dispute.

 

The Chinese domestic reforms that President Jinping spoke about in his speech include: pledging to address state subsidies; protecting intellectual property rights; allowing foreign investment in more sectors; and avoiding competitive devaluation of the yuan.

 

Some analysts feel that this is a strong indication of the U.S. and China finally reaching a trade deal in the coming weeks.

 

High level talks between senior U.S. and Chinese officials are scheduled to resume during the first two weeks of May.

 

If you need help understanding tariffs and how they affect your product business, feel free to contact us here.