News

Signed: Phase One Trade Deal

Last week, President Donald Trump and China’s Vice-Premier Liu He formally signed the Phase One trade deal, easing the recent friction. The détente officially delayed the expected tariffs on ceiling fans and LEDs. No additional lighting-related tariff relief was included as part of the deal.

This deal is a step in the right direction, showing that the two sides can come together. However, ALA has joined with the Americans for Free Trade in encouraging both countries to begin negotiations on the Phase Two trade deal.

Read more about the Phase One trade deal.

Previous Article List 3 Tariff Exclusions
Next Article Lightrays - March/April 2020
Print
1421

x