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Collectors may have had to pay up to 25% more for works originating from China per Trump’s original tariff proposal. © Christie’s The trade war between the US and China continues to rise in pitch after President Donald Trump announced that a 10% tariff would be imposed on $200bn worth of Chinese goods starting 24 September. US-based art and antiquities dealers, however, are breathing a small sigh of relief. On Monday (17 September), the Office of the United States Trade Representative issued a revised list of imported goods subject to the tariff—which is due to go up to 25% by next year—that no longer includes Chinese-made art and antiquities. In total, the updated list contains 5,745 full or partial lines of the 6,031 tariff lines that were earlier https://nyosvorlatfo1988.wordpress.com proposed. The tariff list published on 10 July included Chinese paintings, drawings, pastels, prints, lithographs and original sculptures as well as “antiques of an age exceeding 100 years”. Car seats, bicycle helmets and some consumer electronics products such as smart watches and Bluetooth devices were among the removed items in addition to works of art. “The free exchange of art is beneficial to all and may provide an avenue toward mutual understanding leading to better relations on other fronts as well,” says James Lally, a New York-based dealer specialising in Chinese art and antiquities. He adds that “it is a great relief to know that [US collectors and dealers] will maintain access to the international market and will be able to freely welcome art lovers from around the world”. “The market for Asian art, and Chinese art in particular, has remained extremely strong in https://batelandric1990.wordpress.com New York throughout 2018,” says Christina Prescott-Walker, the director of Asian art at Sotheby’s in New York. A rare painted limestone figure of a standing bodhisattva from the Tang dynasty fetched $4.3 million during Sotheby’s Asia Week sales, far surpassing its high estimate of $2.5 million.
For the original version including any supplementary images or video, visit https://www.theartnewspaper.com/news/chinese-art-and-antiquities-spared-from-trump-s-tariffs
But there was no better teacher than Doherty. He gave me room to run, but not too much room. He was patient with my mistakes. He teased, without ridiculing, which was his way of challenging. He complimented when warranted, gave guidance when needed. Some fellow reporters who took me under their wing did the same. When I left in April 1979 for The Cape Cod Times, where I spent two years before coming to The Providence Journal, I had completed a master’s-level course in my profession. Everything I learned during my brief time at The Transcript, another of the many newspapers that today are history, has served me well since. So thanks again, Rod, and my ex-colleagues. But there was something even more important that I learned from Doherty, who is now retired, and the editors https://butacbrixten1989.wordpress.com for whom I have worked since: Bill Breisky and Jim Concannon at The Cape Cod Times, and a succession at The Journal, including Chuck Hauser, Jim Wyman, Joel Rawson, Tom Heslin, Karen Bordeleau and now, Alan Rosenberg.
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2 Intermediate People’s Court on Wednesday, the official Shanghai Daily newspaper reported. The court gave nine others sentences ranging from five to 12 years, it said. The Zhongjin empire grew quickly and even opened an imposing office on Shanghai’s historic – and expensive – Bund, luring eager investors seeking the double-digit returns it promised on short-term financing products, part of a then-thriving “shadow banking” sector. However, the image of riches and success that it cultivated came crashing down in early 2016. Police arrested 21 executives linked to Zhongjin, including Xu, on suspicion of “illegal fundraising”. The Shanghai Daily said Xu and the nine others who were sentenced on Wednesday had been unable to make a profit “so used online ads, offline promotions and TV commercials to convince people that Zhongjin companies were rich and reputable”. “They fabricated financing products with short-term, yet extremely high, returns to pull in investors,” it said. They had illegally collected 40 billion yuan, it said, and much of the money was spent cultivating an image of wealth and reputability. Xu was detained on April 4, 2016, attempting to board a flight out of Shanghai, the newspaper said.
For the original version including any supplementary images or video, visit https://www.reuters.com/article/us-china-crime-zhongjin/china-jails-executives-behind-shadow-banking-ponzi-scheme-newspaper-idUSKCN1M003H