Christianity Today reports:
The Good Book got good news from the Trump administration today: America’s Bibles—most of which are printed in China and imported to the United States—are now exempt from the burgeoning trade war between the two nations.
With a 10-percent hike on $300 billion worth of Chinese goods looming next month, the Office of the US Trade Representative (USTR) posted two long lists of items: one of imports from China that will become subject to tariffs on September 1, and one of imports whose proposed tariffs will now be delayed until December 15. Missing from both lists: Bibles.
The news came as a relief to Christian publishers in the US, who warned this summer that the “Bible tax” would cause shortages. China is the world’s largest Bible publisher.
Law & Crime reports:
Zondervan Books and Thomas Nelson Publishers, the country’s two largest producers of Bibles, are both owned by parent company HarperCollins which had previously warned the administration that a continued trade war with China would amount to a “Bible tax.”
HarperCollins is in turn owned by Rupert Murdoch‘s News Corp. Together, Zondervan and Thomas Nelson share nearly 40-percent of the American Bible market but incur close to 75 percent of their manufacturing expenses in China.