Home > Trump Administration Puts Injection Mold Tariffs On Hold

News
Trump Administration Puts Injection Mold Tariffs On Hold

Description

According to Automotive News, the Trump administration unexpectedly put a hold on tariffs for injection molds imported from China. The steep 25-percent tariff was imposed back in July. But the US Trade Representative said that will be suspended for at least one year. Analysts think that the decision likely affect American mold building companies, but it is expected to help plastics companies that supply automakers. Since mold purchasing takes months to negotiate, contracts for molds were signed before the tariffs were imposed, leading auto suppliers to argue they could not plan for a 25-percent tariffs on injection molds.

Added on the 04/01/2019 17:03:26 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • US Executives To Testify Against Trump's China Tariffs

    According to Business Insider, As President Donald Trump hurtles toward plans to slap steep tariffs on nearly all imports from China as part of his yearlong trade war, hundreds of businesses are sounding the alarm on what that move would mean for the American economy. More than 300 companies are scheduled to testify before the US Trade Representative during a week of public hearings that begin Monday in Washington. The firms whose high-ranking officials are set to appear include Best Buy, Roku, American Apparel, and Hallmark Cards. Many are planning to warn that Trump's proposed 25% tariff on roughly $300 billion Chinese imports would act as a tax on Americans and threaten jobs at home.

    17/06/2019 - Wochit
  • Trump Says Mexico Will Follow Through Will New Deal

    Reuters reports U.S. President Donald Trump on Saturday said Mexico would enforce a new deal to stem Central American migrants from entering the U.S. The deal was announced on Friday after three days of negotiations in Washington. Mexico made compromises in order to avoid the 5% import tariffs on all Mexican goods that Trump threatened would've started on Monday. “Mexico will try very hard, and if they do that, this will be a very successful agreement between the United States and Mexico,” Trump wrote in a tweet on Saturday morning. Under the deal, Mexico agreed to the expansion of a program in which the U.S. returns asylum-seeking migrants to Mexico to wait out their cases. Mexico also agreed to deploy militarized National Guard forces on its southern border beginning on Monday.

    08/06/2019 - Wochit
  • Trump Administration Puts New Ban On Cuban Travel

    On Tuesday the Trump administration banned cruises to Cuba under new restrictions on U.S. travel to the Caribbean island to impose pressure on the countries Communist government as well as to reform and stop supporting Venezuelan President Nicolas Maduro. Reuters reports thatthe tightening of the decades-old U.S. embargo on Cuba will further wound its crippled economy, as well as hurt U.S. travel companies that had built up Cuban business during the few years. The State Department said the United States will no longer permit visits to Cuba via passenger and recreational vessels.

    05/06/2019 - Wochit
  • Trump Could Be Facing Rebellion Over His Proposed Mexico Tariffs

    According to a report by Politico, Republicans have warned that President Donald Trump could face rebellion against him on the Senate floor if the president follows through with his threat to slap Mexico with wide-ranging tariffs. Senate Majority Leader Mitch McConnell told reporters the party had spent “almost our entire lunch” going back and forth with the administration and warned that “there is not much support in my conference for tariffs, that's for sure.

    04/06/2019 - Wochit
  • Trump Threatens Import Tariffs If Mexico Doesn't Stem 'Invasion' Of Migrants

    According to a report by Reuters, on Tuesday, US President Donald Trump told Mexico to stop the 'invasion' and 'onslaught' of migrants entering the United States illegally, or face rising US import tariffs which would cause the loss of foreign investment. During a news conference in London on Tuesday, Trump reportedly said that, "Mexico should step up and stop this onslaught, this invasion into our country." Trump reportedly went on to say that he would probably order new tariffs on all Mexican goods imported to the United States next week, citing high numbers of migrants entering the United States from Mexico.

    04/06/2019 - Wochit
  • Renault : 5000 postes supprimés en France

    Renault : 5000 postes supprimés en France

    27/05/2020 - LCI