The US president has announced that he will impose an additional 100% tariff on goods from China from Nov. 1.<\/p>\n
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.<\/p>\n
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.<\/p>\n
\u201cWe are trying to pre-order spring orders. We have bought as much as we could,\u201d explains Leslie Stiba, CEO of the company, to the news outlet\u00a0Reuters.<\/p>\n
US President Donald Trump and Chinese President Xi Jinping are meeting on Thursday to negotiate a trade agreement, among other things.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Source: SHIPPINGWATCH<\/p>\n","protected":false},"excerpt":{"rendered":"
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