China Announces Tariff Reductions — SupplyChainDive.com

China has announced that it will cut tariffs on the importation of U.S. goods:

“China will cut tariffs in half on $75 billion worth of imports from the U.S., according to a translation of a statement from China’s Ministry of Finance. The changes will take effect Feb. 14.”

P.S. Tariffs could increase costs throughout the supply chain. 8th & Walton advisors help suppliers run a nimble business and keep costs down as much as possible — whether their production is state-side or international. Work with our advisors to stay ahead of changes that could impact your business. Book a consultation today.

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