Home > Trump Administration Puts Injection Mold Tariffs On Hold

Trump Administration Puts Injection Mold Tariffs On Hold


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

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