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Korean: 한국 고객을 위한
Staff Answer
Feb 02, 2020 - 10:13 PM
Hi,
Thanks for your question. Allow me to answer it for you.
If you wish to start Export Import business involving these two countries, this may not be the ideal time for you. However, if you're careful with product selection, you might just avoid the increased tariffs imposed by US on China over the course of past two years in the ongoing US-China Trade War. The tariffs have been applied to a slew of Chinese goods, ranging from minerals to food to clothing
In the most recent tariff implementation of 25%, Trump administration announced that they'll impose tariffs on the following products, totaling a whopping US$ 200 billion -
List of products hit with up to 25% tariff
IN September 0f 2019, as a significant breather, US extended an olive branch by removing trade tariffs on over 400 Chinese products. Dog leashes, pool vacuum cleaners, electric skateboards, Christmas lights and drinking draws are among the hundreds of goods that will no longer going to be hit with the tariffs, the Office of the United States Trade Representative announced late last year. Additional product categories exempted include -
Due research, coupled with in-place documentation is the key to success in any import-export business.
Hope this answer was helpful
Thanks and regards,
go4WorldBusiness.com Team
Thanks for your question. Allow me to answer it for you.
If you wish to start Export Import business involving these two countries, this may not be the ideal time for you. However, if you're careful with product selection, you might just avoid the increased tariffs imposed by US on China over the course of past two years in the ongoing US-China Trade War. The tariffs have been applied to a slew of Chinese goods, ranging from minerals to food to clothing
In the most recent tariff implementation of 25%, Trump administration announced that they'll impose tariffs on the following products, totaling a whopping US$ 200 billion -
List of products hit with up to 25% tariff
IN September 0f 2019, as a significant breather, US extended an olive branch by removing trade tariffs on over 400 Chinese products. Dog leashes, pool vacuum cleaners, electric skateboards, Christmas lights and drinking draws are among the hundreds of goods that will no longer going to be hit with the tariffs, the Office of the United States Trade Representative announced late last year. Additional product categories exempted include -
- A kind of paper filter for single-cup coffee brewing systems
- Dog harnesses and retractable dog leashes
- A certain kind of laminated wood flooring panel
- Steel wire barbecue grills
- Printed circuit assemblies for enhancing graphics performance of automatic data processing machines
- Refrigerated and heated vending machines for dispensing live bait and fishing tackle
- Aluminum radiators for motor vehicles
- Miniature lighting sets for Christmas trees
- Garden, patio and tabletop wick-burning torches for outdoor use
- Plastic drinking straws
- Certain electric-powered skateboards and motorcycles
- Indoor tabletop water fountains
- Pet water drinking fountains
- Parts of swimming pool vacuum cleaners
- Electronic scales for continuous weighing of quartz, powder and resin on conveyors
- Animal feeding machinery
Due research, coupled with in-place documentation is the key to success in any import-export business.
Hope this answer was helpful
Thanks and regards,
go4WorldBusiness.com Team
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