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Komatsu, Weir still feeling tariff burn two years after trade war’s first shot

China 2574 Cons. Discr. - Autos 939 Industrials - Capital Goods 459 Tariffs 1633 U.S. 4574

The WTO has sided with China in a dispute regarding U.S. section 301 tariffs on Chinese exports that were applied as part of the two countries’ trade war. The case is largely irrelevant given China already applied retaliatory duties and given the WTO’s dispute mechanism is broken. Yet, it indicates the febrile nature of U.S.-China relations. Tariffs continue to drag on U.S. imports from China which in total fell by 1.9% year over year in July. Imports of products covered by the four section 301 tariff lists that are the subject of the WTO case fell by 5.3% year over year while all other ...

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