All 2,493 items targeted by China’s tariffs in US trade war — Quartz

China’s latest tariff retaliation, announced today, will hit some $60 billion in US exports, including hundreds of agricultural, mining, and manufactured products, threatening jobs and profits at companies around the United States.  Before the trade war starts in earnest, China bought about 17% of US agricultural exports and was a major market for other goods, from Maine lobster to Boeing aircraft. It has been the largest market for Apple iPhones since 2016. Since the escalation of tariffs, though, China has stopped buying soybeans and lobsters, and Apple warned it would miss its expected Christmas holiday sales figures because of trade tensions. In addition to the 25% tariffs below, Beijing also added 20% tariffs on 1,078 US products, 10% tariffs on 974 US products, and 5% tariffs on 595 US products (all links in Chinese). The list was translated from China’s ministry of finance press release using Google translate, and may be inexact in spots. Quartz also rearranged some items on the list to group them into categories, and they may not be in the order of their “harmonized tariff schedule” codes.  Egg Tray Machine, Paper Egg Tray Machine, Corrugated Carton Machine – Wany...

Koenig & Bauer acquires folder gluer business, creates Koenig & Bauer Duran

Turkey’s Duran Machinery, a manufacturer of folder gluers, has become a member of the Koenig & Bauer Group, expanding the print specialist’s activities in packaging production. Koenig & Bauer has agreed to takeover 80 percent of Duran Mahinery’s folder gluer business and integrate it into the group under the name Koenig & Bauer Duran. Koenig & Bauer expects the acquisition and integration of Duran to boost its market share in folding carton gluers, strengthen packaging production activities and boost sales. With this latest acquisition, the world’s oldest printing press manufacturer has further strengthened its activities in the growth segment of machines and systems for packaging production. The acquisition and integration of Duran is in line with the global Koenig & Bauer Group‘s strategy of focusing on growth markets. Together with Koenig & Bauer Rapida sheet-fed presses, flatbed die-cutting machines from Koenig & Bauer Iberica and now folder gluers from Duran, the group can offer complete lines for the printing and processing of folding boxes from a single source. Ralf Sammeck, CEO of Koenig & Bauer Sheetfed and member...