China
USTR imposes tariffs on Chinese products
April 6, 2018
Following an executive memorandum to the USTR last month, the Trade Representative has released a sizeable list of Chinese-origin products which will incur 25 percent ad valorem duty. As Lexology reports, on 3 April, the USTR released a notice in which it proposes to implement the additional duty on a long list of Chinese products, […]
China reduces taxes for chipmakers
April 4, 2018
The country has revealed that it has cut taxes for producers of semiconductors to help support this “pivotal industry”, as Bloomberg reports. This announcement comes “just as U.S. President Donald Trump weighs tariffs on the sector amid rising trade tensions.” In line with these new tax breaks, semiconductor companies “will be exempt from corporate income […]
