Tag Archives: trade war

Some Chinese Imports Will Be Cheaper for U.S. Businesses in Spite of This Week’s Tariff News. Here’s Why.

The U.S. moved forward this week with its threat to place tariffs on $200 billion worth of Chinese imports. The tariffs will kick in this Monday and increase duties by 10 percent on more than 5,700 items, a massive list that ranges from frozen beef to handbags to advanced manufacturing components. But for impacted businesses, … Continue Reading

Trade Wars: Do the Steel and Aluminum Tariffs Create a Force Majeure to Excuse Contract Performance Under North Carolina or South Carolina Law?

The federal government recently implemented new tariffs on steel and aluminum pursuant to Section 232 of the Trade Expansion Act of 1962. Effective March 23, the government imposed a 25 percent tax on steel and a 10 percent tax on aluminum on imports into the United States from any country other than Canada and Mexico. … Continue Reading
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