May 10, 2007
First US Duties on China Imports
Analysis of:
Policy Perspectives | www.worldtrademag.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Implications: The article mentions that nearly all toys and 70% of US shoes come from China along with many other goods.
The US trade policy and imposition of duties on China could damage a long-standing trade relationship and cause global markets to suffer.
Analysis: Every toy in the US, 70% of shoes, and 15% of clothes are manufactured in China. The Chinese government is outraged at the US duties and retaliation is a possibility. This "turmoil in US-China trade" could lead to inflation, and have a negative impact on US-China imports and exports. Global markets do not like uncertainty.
The US trade policy and imposition of duties on China could damage a long-standing trade relationship and cause global markets to suffer.
Analysis: Every toy in the US, 70% of shoes, and 15% of clothes are manufactured in China. The Chinese government is outraged at the US duties and retaliation is a possibility. This "turmoil in US-China trade" could lead to inflation, and have a negative impact on US-China imports and exports. Global markets do not like uncertainty.
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