British and American art and antique dealers unite in concern at Trump tariffs on Chinese art

British and American art and antique dealers unite in concern at Trump tariffs on Chinese artBritish and American art dealers are joining forces this week to protest President Donald Trump’s plan to levy tariffs on Chinese works – the first time the US has imposed penalties on buying art since the McCarthy era. A three-day hearing began on Monday in Washington DC for companies to weigh in on proposed duties on more than 6,000 products from chemicals to bicycle parts in Mr Trump’s trade war with Beijing. The administration’s list of $200 billion (£157 billion) in goods also includes paintings, sculptures, ceramics and antiques more than 100 years old. Critics argue that a proposed tariff of up to 25 per cent will hit museums and art dealers around the world. Peter Tompa, a Washington DC-based lawyer and head of the Global Heritage Alliance, said the proposals “will cause disproportionate harm to the small or medium-sized businesses of the US art trade as well as museums and collectors.” He told The Telegraph he plans to attend the hearings this week and make his case before the committee. “Placing duties on such objects will not ‘hurt’ Chinese industry, but place further disincentives on Americans from importing Chinese cultural goods long held in third countries, including our allies in Europe and Japan,” he said. Chinese art imported to the US could face a tariff of up to 25 per cent under new plans from the US government   In the UK, the British Antique Dealers’ Association is lobbying Robert Lighthizer, the US trade representative, to reconsider, while Christie’s is sending a representative to argue against the tariffs, according to the Antiques Trade Gazette. For the past 50 years art has been imported into the US duty free, which has helped it become the world’s largest market, accounting for 42 per cent of global sales in 2017. China is the second largest market, accounting for 21 per cent of sales, according to the Art Market 2018 report from Art Basel and UBS. Imports originating from China  included $107.2 million for century-old antiques and $66.6 million for paintings, drawings and pastels by hand, according to US census data. “The imposition of a tariff on Chinese art into the US would only be detrimental to the US community as a whole, be it museums, collectors, dealers or auction houses or the support businesses that work for these companies,” said Nicholas Grindley, a British dealer in Chinese art, based in New York. “China, which is already the largest consumer of Chinese art and antiques, by far, would benefit by having what little competition for the acquisition of art and antiques represented by US collectors, museums and dealers, removed entirely.” Chinese sculpture, such as this Ai Weiwei piece, on display at the Yorkshire sculpture park, could face 25 per cent import tariffs as part of Trump’s trade war James Lally, the former president of Sotheby’s in North America, and one of America’s preeminent experts on Chinese works of art, said it was a mistake for the Trump administration to allow Chinese art to be “swept up in this all-inclusive list”. “Many individuals and institutions interested in Chinese art and culture see the grave harm which would result from the imposition of a punitive US tariff on Chinese ancient, modern and contemporary art, artifacts and literature entering the US from any source around the world,” he said. James Callahan, a Boston-based dealer in Chinese art, said the proposals would also be “an invitation to smugglers”. “It would be almost impossible to nail down,” he said. “What are they going to do, check every container, every suitcase?”


Source: Yahoo! News

Sen. Elizabeth Warren, Republicans, CEOs & BlackRock's Fink Unite Around 'Accountable Capitalism'

  1. Sen. Elizabeth Warren, Republicans, CEOs & BlackRock’s Fink Unite Around ‘Accountable Capitalism’  Forbes
  2. Sen. Warren tells Cramer about her plan to make companies and CEOs more accountable to employees  CNBC
  3. Elizabeth Warren’s Accountable Capitalism Act would force companies to look beyond shareholders  Fox Business
  4. Companies Shouldn’t Be Accountable Only to Shareholders  Wall Street Journal
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Antifa protesters couldn't find any fascists at Unite the Right — and harassed the press instead

  1. Antifa protesters couldn’t find any fascists at Unite the Right — and harassed the press instead  Washington Post
  2. Pathetic Unite the Right and angry Antifa sputter. There’s still time to heed Rodney King.  USA TODAY
  3. A Year After Charlottesville, Disarray in the White Supremacist Movement  New York Times
  4. Full coverage


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'Not in my town': Counterprotesters outnumber Unite the Right 2 white nationalists in DC

  1. ‘Not in my town’: Counterprotesters outnumber Unite the Right 2 white nationalists in DC  USA TODAY
  2. Meager ‘Unite the Right 2’ rally exposes limits of white supremacist movement  Yahoo News
  3. Counter-Protesters Dwarfed a White Nationalist Rally in Washington  TIME
  4. NPR doesn’t do its job in interview of white nationalist  Chicago Tribune
  5. Full coverage


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"Unite the Right" rally: Counter-protesters outnumber white nationalists in Washington, DC

  1. “Unite the Right” rally: Counter-protesters outnumber white nationalists in Washington, DC  CBS News
  2. White-Nationalist Rally Musters Little Enthusiasm  Wall Street Journal
  3. Washington white nationalist rally sputters in sea of counterprotesters  Reuters
  4. NPR doesn’t do its job in interview of white nationalist  Chicago Tribune
  5. Rally by White Nationalists Was Over Almost Before It Began  New York Times
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Unite the Right: White supremacist rally dwarfed by counter-protest in DC on anniversary of Charlottesville

Unite the Right: White supremacist rally dwarfed by counter-protest in DC on anniversary of CharlottesvilleMore than a thousand demonstrators gathered at Donald Trump’s front door in Washington DC on Sunday in a showing that appeared to dwarf the turnout of white supremacists who had convened to mark the year anniversary of violent protests in Charlottesville, Virginia, where a neo-Nazi drove into a crowd of people leaving one dead. Hours before the “Unite the Right 2� rally was set to kick off, counter demonstrators rallying against white supremacy began to gather while a police maze of barricades divided the two sides. Just over an hour before the rally was scheduled to begin, a police escort helped guide as many as 30 demonstrators for the white supremacist rally to the area in front of the White House planned for their event – a group that was dwarfed by the nearby counter-protestors in size and volume.


Source: Yahoo! News