trade tariffs

Tariff is a tax on imports or exports between sovereign states. It is a form of regulation of foreign trade and a policy that taxes foreign products to encourage or safeguard domestic industry.

Industrial tariffs are customs duties on non-agricultural merchandise imports, levied either on an ad valorem basis (percentage of value) or on a specific basis (e.g., $1 per 100 pounds). Approximately 96 percent of U.S. merchandise imports are industrial (non-agricultural) goods.

Source: ustr.gov

Regulators Investigate China’s Ex-Securities Regulator
Regulators Investigate China’s Ex-Securities Regulator
May 19, 2019  |  Security & Fraud

Liu Shiyu, the former head of China’s securities regulator, is being investigated for violating anti-corruption laws. According to a report in Reuters citing the Central...

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Trade War Triggers Apple’s Biggest Weekly 2019 Decline
Trade War Triggers Apple’s Biggest Weekly 2019 Decline
May 13, 2019  |  Apple

Apple shares were down as much as 9 percent for the week on Friday (May 10) in response to the U.S.’ escalating trade war with...

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Procurement Execs Brace For USMCA Impact
Procurement Execs Brace For USMCA Impact
April 22, 2019  |  B2B Payments

In the wake of the United States-Mexico-Canada (USMCA) trade agreement (the framework that outlines trade tariffs between the U.S., Mexico and Canada), analysts predict long-term impacts...

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Trade Disputes Make Long-Lasting Mark On Global Supply Chains
Trade Disputes Make Long-Lasting Mark On Global Supply Chains
April 18, 2019  |  B2B Payments

While the U.S. and China continue the tedious process of smoothing out trade tensions, possible new trade disputes are emerging between the U.S. and Europe,...

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Walmart, Dollar Tree Step Up Pressure On Chinese Suppliers
Walmart, Dollar Tree Step Up Pressure On Chinese Suppliers
November 29, 2018  |  B2B Payments

The impacts of ongoing trade disputes between the U.S. and China are beginning to be felt by suppliers, according to Wall Street Journal reports on...

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Trade Disputes Create Supply Chain Risks — And Opportunity
Trade Disputes Create Supply Chain Risks — And Opportunity
October 16, 2018  |  B2B Payments

Global vendors in the supply chain are seeing pressure from multiple sides as a result of ongoing trade disputes and renegotiations. While the effects of...

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HSBC, Standard Chartered Undeterred By China Trade Tensions
HSBC, Standard Chartered Undeterred By China Trade Tensions
October 10, 2018  |  B2B Payments

HSBC and Standard Chartered have vowed to continue supporting Chinese companies amid ongoing trade tensions, according to reports Wednesday (October 10). Global Trade Review said...

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Consumer Confidence Hits An 18-Year High
Consumer Confidence Hits An 18-Year High
September 25, 2018  |  Economy

With a strong labor market and expectations for more growth in the economy, consumer confidence in the U.S. reached an 18-year high in September. According...

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US Retail Sales Rose Higher In July
US Retail Sales Rose Higher In July
August 16, 2018  |  Retail

U.S. retail sales rose higher than expected last month — a sign that the economy remained strong early in the third quarter. According to Reuters,...

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