Tariffs on $200B Chinese Imports Will Rise to 25% on Friday
President Trump posted a series of tweets threatening to increase tariffs on $200 billion worth of Chinese goods to 25%, and also slapping an additional $325 billion worth of Chinese goods with a 25% tariff this Friday, May 10th.
The president said that the cause for the new restrictions was the slow pace of trade negotiations, and unless a deal is made by the end of the week, tariffs will be increased.
At first China had a deadline of March 1st for the tariffs to be increased if a deal wasn't reached, but the US suspended those plans until yesterday's twitter announcement:
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If you are worried about the tariff increase and/or among the ones affected by 2018 rounds of tariffs, you should join our timely webinar happening this Wednesday, May 8th: Demand and Inventory Planning - How to Free the Cash Hiding in Your Inventory.
You could be one of the ones who purchased a lot of inventory in advance and/or is thinking about doing so before this new round of tariffs hits you. Is that the best strategy?
John Stewart will show you how to use the product life cycle to categorize inventory items, in order to reduce the data distractions associated with new products and high-growth items. Also measure the overall financial trends to understand whether there is a business case for change, and use the business case to initiate an action plan. Register here.