01.17.20

The Vision Council Notes That U.S.-China Trade Agreement Will Result in Tariff Reductions on Certain Optical Products

Source: VisionMonday

The trade deal between the US and China that requires structural reforms to China’s economic and trade regimes will also lead to a modification of a portion of the existing Section 301 China tariffs, according to The Vision Council, as reported by VisionMonday.

This modification is “a point of interest” to association members who import Chinese-origin product, The Vision Council noted. The overall reforms will be seen in the areas of intellectual property, forced technology transfers, financial services, agriculture, and currency and financial exchanges. In addition, China has agreed to purchase substantial quantities of U.S. origin goods and services in the coming years.

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