Importers boosted US-China shipments ahead of tariff deadline
Date: 27 February 2019
So the March 1 deadline for raising US tariffs on some Chinese goods from 10% to 25% has been postponed – but US-China trade has been booming in anticipation of the change. According to Nikkei Asian Review, companies have been “bursting at the seams”, one seeing an 11% rise over last year on Chinese import volumes – and no sign of a slack season to come. The other direction is also busy, with companies such as Tesla stockpiling in China. And others still are looking for new production in other countries, such as India.