China and the U.S. are working on a trade deal, resulting in the cancellation of tariffs that were to implemented on December 15th:
“U.S. tariffs on Chinese goods slated to take effect Dec. 15, known as list 4B, will not take effect, Donald Trump tweeted Friday morning, as the U.S. and China agreed to phase one of a trade deal. The Office of the U.S. Trade Representative (USTR) confirmed the deal in a press release shortly after.”
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.