New imposition of tariffs on China

On September 1, the fourth stage in the application of US tariffs to China began. Of the set of products reach, a volume greater than two thirds of Chinese footwear is part. Punctually, US $ 112 billion of imports will be reached with a 15% tax.

As of December 15, the fourth stage would continue, which would cover the portion of the Chinese footwear missing, of a total of imported products valued at US $ 160 billion.

In return, rates ranging from 5% to 10% were imposed by China to the United States, Footwear News reported.