Tag Archives: Xi Jinping

A rise in import duties on Chinese goods from ten per cent to 25 per cent was due to come into effect on March 1st. It was earmarked as a point of major concern by many in the toy industry, particularly companies directly affected in the US.

Failure to strike a deal will see tariffs on $200bn worth of Chinese goods rise from 10 per cent to 25 per cent at the start of next year, and would have opened the way for tariffs on additional Chinese goods.

Overnight, Donald Trump moved to whack a 10 per cent tariff on around $200bn worth of Chinese imports beginning next week, with threats to increase the rate to 25 per cent next year if no deal was reached.