A trade war between the U.S., China and others continues to escalate, as each side targets nations with more tariffs on imported goods. Below is a collection of our coverage so far, including the potential effects on the promo products market. Follow this page for updates.
June 3, 2019 President Donald Trump’s plan to impose tariffs on Mexican imports and his decision to revoke preferred trade partner status for India and Turkey are the chief executive’s latest trade policy decisions to trigger concern for the promotional products market. Read more here.
February 20, 2019 The comment reiterates that the president could be willing to extend the deadline for reaching a deal beyond early March – good news for the promotional products industry. Read more here.
October 29, 2018 Increased products costs, price fluctuations, supply chain disruption and thinner margins could all be coming to the promo market in 2019 as a result of U.S. tariffs on imported Chinese products. Read more here.
September 25, 2018 In an exclusive interview with Counselor’s John Corrigan, Bamko Senior Vice President of Strategic Partnerships Joshua White and Vice President of Operations Max Levavi discuss the tariffs imposed by the United States and China and how they’ll impact the promotional products industry. Listen to the podcast here.
September 18, 2018 President Donald Trump announced on Monday that he will impose new tariffs on about $200 billion in Chinese goods, as the trade war between the world’s two largest economies intensifies. Read more here.
September 10, 2018 China on Monday said it would retaliate if President Trump moves forward with another threatened round of tariffs – potentially troubling news for the promotional products industry. Read more here.
July 24, 2018 The trade war between the U.S. and China dominated the discussion at the G-20 summit over the weekend, as finance ministers and central bankers of the world’s top 20 economies worried how the dispute may impact the global economy. Read more here.
July 06, 2018 After months of verbal sparring with China over trade policies, the United States has thrown the first punch by officially levying tariffs on $34 billion worth of Chinese goods. Read more here.
June 13, 2018 In the weeks following President Donald Trump’s announcement that the U.S. would be implementing tariffs on Canadian steel and aluminum, a war of words between Trump and Canadian Prime Minister Justin Trudeau has opened up the potential for a trade war between the two countries, posing concerns for the promotional industry. Read more here.
June 05, 2018 Late last week the Trump Administration announced tariffs on imports of steel and aluminum from Canada, Europe and Mexico some analysts fear will ignite a trade war that damages economies and kills jobs in affected countries and the U.S. Read more here.