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USHSL Statement in Response to Proposed Chinese Tariffs on U.S. Hides and Skins Exports
2018/8/8 11:11:52 Source: APLF Author: 点击率:
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“The Chinese government today proposed imposing five to 25 percent tariffs on $60 billion in U.S. imports to the country should the U.S. move ahead with levying tariffs on $200 billion worth of Chinese imports. In the proposed retaliation lists, the majority of U.S. cattle hides, wet blue cattle hides and salted pigskin exports to China will likely face five percent tariffs if implemented, though some U.S. hides and skins exports will be subject to the 25 percent rate. Until today, U.S. hides, skins and leather products had not been targeted for tariff retaliation by China or any other trading partner.

Trade disputes create casualties, not the economic growth that fuels businesses and economies. These retaliatory tariffs will disproportionately affect U.S. hides and skins companies that regularly export more than 90 percent of total U.S. production, and the hardworking producers, processors, brokers and dealers who make the U.S. one of the top raw materials suppliers to the global leather manufacturing industry.

In 2017, China imported more than $1 billion in U.S. hide, skin and leather products, representing more than 50 percent of total U.S. production. The Chinese market is not just important for the U.S. hide, skin and leather industry – it is essential to its survival, particularly as formidable competitors finalize free trade agreements that could place the U.S. industry at a competitive disadvantage.

Today’s proposed retaliation reaffirms that there are no winners in trade disputes. USHSLA urges China and the U.S. to work diligently to resolve any differences before additional tariffs and market access barriers take effect. Failure to do so will impose unnecessary hardships on American workers and consumers in both countries.”

Information courtesy of USHSL

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