On Nov. 6, 2019, Fitbit, which is about to be acquired by Google for $2.9 billion, announced that it has undertaken a plan to shift its manufacturing operations outside of China for effectively all of its trackers and smartwatches. As a result, starting in January 2020, the company expects those products will no longer be of Chinese origin and therefore not subject to Section …
The US Tariffs, China Tariffs and now the EU Tariffs, what can you do?
The casualties of the current trade war continue to pile up, and now the EU is joining in. Today they announced the consideration of hitting the United States with a tariff on $4 billion worth of US exports, clearly showing they will use the same tactics that the White House has been using. With only one EU member opposing this …
FTZs can Help Offset the Additional 10% Tariff on Imported Chinese Goods
Published on August 9, 2019 As a result of continued trade talks with China, President Trump announced that he will implement an additional 10% tariff on the remaining 300 billion dollars of goods being imported from China into the U.S. starting on Sept. 1, 2019. He recently implemented of 10% tariff on $200 billion worth of Chinese goods, in addition to …