We inform you that the Presidents of USA and China met on 1st December. After the meeting it has been made official that the next increase of tariffs imposed on Chinese origin goods will be delayed to march 2019.
Starting from 1st December, a 90 days negotiation period has been established to reach a new agreement within 1st March 2019.
In case of unsuccessful result, tariffs will increase from 10% to 25% on the third list of concerned articles, becoming effective from 00:01 of 2nd March.
We shall keep you informed about future developments.
D.B. Group.
