The Trump administration has recently released a list of over 1300 products imported from China that could be subject to additional tariffs, including TVs, other consumer electronics, and machine components. In a statement, the office of the US trade representative said the action is in response to China’s unfair trade practices related to the forced transfer of US technology and intellectual property. The proposed list will undergo further review in a public notice and comment process, including a hearing. Matthew Shay, president/CEO of the National Retail Federation, responded to the news with a statement calling the tariffs taxes on consumers and a drag on the nation’s economy.
The washing machines segment is growing. In an up-country market, neither technologies nor features matter. It witnesses only price wars. Fully automatic machines are more popular in cities but in...Read More