20
Oct
The U.S.-China trade war is escalating, and it’s creating more uncertainty for importers. President Trump recently threatened an additional 100% tariff on Chinese goods, effective November 1, due to China’s actions restricting access to rare earth minerals. After some strongly worded pushback from China, President Trump acknowledged on Friday that the threatened high tariffs on Chinese goods were “not sustainable” but are still planned for implementation. In other tariff news, there are signals that auto tariffs may be easing, while supply chains everywhere...