Christie's spring auctions in Hong Kong
Art and antiques are among the thousands of items the Trump administration has threated to implement a 10% tariff on in its escalating trade war with China. The proposal has raised concern among Asian art dealers, who have started to mobilise ahead of public hearings on the tariffs due to take place in Washington, DC in August.
“Ordinarily, there are no customs duties on art or antiques. It is considered in the public interest to bring art and literature to the US, so in the past, no duties were imposed on foreign art or books,” the pro-trade Committee for Cultural Policy says in a newsletter alert on Friday (20 June). “The Trump administration is changing that, at least for art and antiques from China. This is one of the more bizarre stories in the tariff saga, since a tariff on antiques will please the Chinese government and reinforce its global dominance and monopoly on Chinese art.” The New York dealer Jim Lally followed up on this with his own email blast urging readers to share their thoughts on the proposed tariffs with the government, before the 17 August deadline. “There is a short window for members of the public to comment,” Lally says. “Please do not delay, send your comment today.”
Dealers in China are sanguine about the proposed tariffs, mostly because of the tight restrictions already placed on cultural objects. “Anything antique that is dated before 1949 cannot technically leave unless you have particular permits,” the Beijing-based antiques dealer Wang Ge told the South China Morning Post (SCMP). The tariffs would probably have a bigger affect on the lower end of art exporters, such as the wholesale companies that crank out non-collectible paintings commonly found in retail stores. A spokesperson for Free Cloud Arts, one such firm in Zhuhai, told SCMP the 10% duty would have a “very big impact” on its business.