Trump’s China tariffs probed

News Story
- 20 Jun 2019 ( #928 ) - Washington, DC, United States
1 min read
The US International Trade Commission is hearing submissions on trariffs.
The US International Trade Commission is hearing submissions on trariffs.
About 320 officials from US manufacturers, retailers and other companies and trade groups are appearing at hearings that started on Monday at the US International Trade Commission, urging for the end of some import tariffs.

This is the fourth round of hearings, after President Donald Trump levied duties on USD250 billion of products last year.

When trade talks with China failed last month, Trump ordered a tariff increase from 10% to 25% on USD200 billion of goods and targeted an additional USD300 billion in products overlooked in previous rounds.

Container port terminals are among those pleading with the Trump Administration that gantry cranes be removed from the latest round of Chinese tariffs.

China is a major source of gantry cranes for US ports and operators argue that tariffs will impact on their financial viability.

Forklifts have been included in the first round of the Trump Administration's tariff regime in July 2018, leading to price rises as importers were forced to pass on their increased costs.
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2018 Toyota 02-8FD30 counterbalanced forklift
1991 Komatsu FD25-11 ICE forklift 

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New data reveals "mixed supply chain dynamics" for the US materials handling sector with new shipments and overall business activity increasing while new orders and inventories fell, according to the MHI Business Activity Index (BAI)... Continue reading

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GemOne
Telematics for industrial fleets. Fleet & safety management solutions: track vehicles, boost efficiency, operate safer, & avoid unexpected downtime.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Find the right machine for your business with F. Uchiyama, exporter and wholesaler of used forklifts and construction machinery. With 100 years of experience in the trade, you can leave the export procedures to us!
FOR SALE:
2019 Nichiyu FB28PN77B367RRC electric forklift
2018 Toyota 02-8FD30 counterbalanced forklift
1991 Komatsu FD25-11 ICE forklift 

Find more machines here | Contact us with enquiries