World-Way Biotech Inc.

Is the plant Extract industry ready for the next round of trade war between China and US?

Click:926  Time:2019-05-16 11:13:00

Washington, DC – U.S. Trade Representative Robert Lighthizer today released the following statement regarding additional action under Section 301 of the Trade Act of 1974:

“Earlier today, at the direction of the President, the United States increased the level of tariffs from 10 percent to 25 percent on approximately $200 billion worth of Chinese imports. The President also ordered us to begin the process of raising tariffs on essentially all remaining imports from China, which are valued at approximately $300 billion.”

The process for public notice and comment will be published shortly in the Federal Register. The details will be on the USTR website on Monday as we begin the process prior to a final decision on these tariffs.

you can find the new PROPOSED PRODUCT LIST on the link below

https://ustr.gov/sites/default/files/enforcement/301Investigations/May_2019_Proposed_Modification.pdf?tdsourcetag=s_pcqq_aiomsg 


On June 17, 2019: The Section 301 Committee will convene a public hearing in the main hearing room of the U.S. International Trade Commission, 

if this motion of increase tariffs passes, alot trade industries including PLANT EXTRACT will be suffered. Alternative trade method such as intermediary trade might be considered in future export.
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