UPDATE REGARDING TARIFF INCREASES ON PRODUCTS FROM CHINA

As announced on Sunday,  President Trump tweeted that the duty rates on the 3rd list of products (https://ustr.gov/sites/default/files/301/2018-0026%20China%20FRN%207-10-2018_0.pdf) will increase from 10 percent to 25 percent on Friday, May 10th, at 12:01 a.m.  According to Steven Mnuchin, Treasury Secretary, and Robert Lighthizer, U.S. Trade Representative, China backtracked on some of...