The reduction of tariffs to 7.5 percent on products on list 4a and the cancellation of tariffs on list 4b are an important start, according to MEMA, but the association encourages the administration to review the 25 percent tariffs still in place on $250 billion of goods.
Resilience360 Research Reveals 66% Of Global Manufacturing Customers Have Been Impacted By U.S.-China Trade War
Twenty-five percent of impacted companies say they have no contingency plan to mitigate the risks brought by the trade war.
Classic cars are traded on a global scale by dealers, auctions and private collectors. Low import duties on classics, along with record-low ocean shipping rates, allow automotive enthusiasts to purchase cars from overseas with ease.