Section 301 – Phase 1

On Friday the United States announced they will suspend the 5% tariff hike that was expected today. This is being called “Phase One” of the negotiations in what people believe will pave the way for future deals. For most people this does not satisfy their call for an end to the tariffs but as we know, there must be a starting point. According to President Trump, Phase Two talks will begin once Phase One is finalized. Of course things can change and we will keep you updated as we learn more.