Art has been included on the latest list of $200bn worth of imports to the US which will attract a new 25% duty. The art market successfully lobbied against the move last year and Chinese art was removed. However, works over 100 years old have been added to a new list of items incurring the tax. The changes are a response to what the US sees as President Xi's backtracking on a draft trade deal. Peter Tompa, representing the Global Heritage Alliance, said dealers and collectors need to "get energised to oppose tariffs on art again".
Art has been included on the latest list of $300bn worth of imports to the US which will attract a new 25% duty. The art market successfully lobbied against the move last year and Chinese art was removed. However, works over 100 years old have been added to a new list of items incurring the tax. The changes are a response to what the US sees as President Xi's backtracking on a draft trade deal. Peter Tompa, representing the Global Heritage Alliance, said dealers and collectors need to "get energised to oppose tariffs on art again".