The US president has announced that he will impose an additional 100% tariff on goods from China from Nov. 1.
Several US companies have begun pre-ordering goods that were not originally scheduled to be available until spring, due to concerns about the announced 100% increase in US imports of Chinese products.
One of these companies is baby stroller manufacturer Austlen Baby Co, which sells its products through American retail giants such as Target, Walmart, and Amazon.
“We are trying to pre-order spring orders. We have bought as much as we could,” explains Leslie Stiba, CEO of the company, to the news outlet Reuters.
US President Donald Trump and Chinese President Xi Jinping are meeting on Thursday to negotiate a trade agreement, among other things.
According to the Chinese news agency Xinhua, representatives of the two superpowers have already discussed US tariffs on Chinese-built or Chinese-owned ships calling at US ports, along with other issues such as shipbuilding and a possible postponement of the high tariffs between the countries.
On Wednesday, however, US Treasury Secretary Scott Bessent explained that negotiations at the ASEAN summit in Kuala Lumpur had eliminated the threat of a 100% tariff on top of the existing tariffs on Chinese goods.
Source: SHIPPINGWATCH