- Shanghai Starway Engineering & Manufacturing Co., Ltd
- Address : #1199, Defu Rd, Jiading District, Shanghai City, China
- Phone : 008615821850866
- Email : email@example.com
What You Need to Know About Trade War Between China & US
China on Friday accused the United States of starting "the biggest trade war in economic history" as the two sides imposed steep new tariffs on tens of billions of dollars of each other's exports.
The Trump administration's 25% tariffs affect more than 800 Chinese products worth $34 billion such as industrial machinery, medical devices and auto parts. They kicked in just after midnight ET, which is noon in Beijing.
Starting from April, We've been surrounded with the trade war news in both China and US. Trump Administration meant to impose 25% and 10% tax over the imported "Steel & Aluminum Products" as the reason of "threat to National Security"
In July, US initiated the anti-dumping regulation, imposed high tax over various products imported from China. As US market is our No.1 export market, Starway has been keeping close eyes to this situation, especially Starway is the manufacturer of steel and aluminum products. Based on our analysis, here is what we need to share with our customers:
--- To make it clear and straightforward, the "Steel & Aluminum Tariff" is imposed on the steel and aluminum raw material or semi-finished products like pipe fitting, cast iron, Hardwares, Rod, Plate, Billet ect.
Although, Starway business to US is quite safe, we are still looking forward to witnessing the “Game over” of the NOT funny game, afterall Trade war is definitely hurting both US and China economy and the consumers in both countries at this Globalization era.