President Trump to increase third list of China duties, remaining Chines-origin products threatened with additional tariffs.
President Trump tweeted his intent to raise the China 301 duties from 10 percent to 25 percent, currently being assessed on approximately $200 billion worth of Chinese-origin merchandise. The increase will take effect on Friday, May 10. The increase was originally scheduled for Jan. 1, 2019 but was held in abeyance while the United States and China negotiated on trade issues. These negotiations are ongoing, but the tariff rates will increase unless President Trump retracts his announced plan.
This increase will impact The Vision Council’s member companies importing Chinese-origin hand-held and stand magnifiers, eyeglass cases and cleaning solutions. Additionally, President Trump threatened in this Tweet to begin the process to assess 25 percent duties on all remaining products originating in China. If the administration goes through with this threat, Chinese-origin products such as frames, lenses, sunglasses, reading glasses and low vision devices will be impacted.
The additional 25 percent China 301 duties are assessed in addition to any regular duties already assessed on imported products.
Essilor and Groupe Renault pool expertise to better integrate visual specifications to improve drivers’ experience and promote the importance of good vision for road safety. On the occasion of the 5th United Nations Road Safety Week, Essilor and Groupe Renault announced today the signing of a Memorandum of Understanding (MOU) for a period of two years, with the ambition to jointly raise awareness about the importance of good vision for road safety and explore innovative solutions to improve drivers’ visual experience.
As research shows 1 in 5 drivers in the world has uncorrected poor vision and 90% of the information needed to drive comes from vision. The interaction between eyeglasses and the interface systems in the car, both day and night, is obviously crucial. In the near future, this interaction is projected to increase further with the development of smart and connected devices, offering valuable improvements and new customer benefits. In that context, this two-part partnership aims to:
– develop global and local awareness and poor vision detection campaigns among customers and employees of Renault. During this week, specific activations will reinforce past actions begun during Renault Mobilize days and World Sight Day.
– improve the combined vision and driving experience through cross-expertise and product innovation. Expert investigation workshops are developed based on key use cases, including day and night glare, road/cockpit visual transition, peripheral and central attention focus, and Man-Machine Interfaces like legibility and color perception.
“This collaboration with Groupe Renault promises to drive outcomes that will improve people’s vision on the road. We are certain this partnership between two leaders in their field creates a unique opportunity to mobilize public awareness across a broader audience. Combining our respective expertise will result in better visual experience for drivers and contributes to Essilor’s mission of improving lives by improving sight,” said Laurent Vacherot, Chief Executive Officer, Essilor International.