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WASHINGTON, Sept 2 (Reuters) – The Biden administration mentioned on Friday it is going to maintain tariffs on tons of of billions of {dollars} value of Chinese language imports in place whereas it continues a statutory overview of the duties imposed by former President Donald Trump.
The U.S. Commerce Consultant’s workplace mentioned in a federal notice that it acquired requests from firms and different events to keep up the “Part 301” tariffs imposed in 2018 and 2019. The feedback have been collected throughout the spring and summer time. learn extra
Based mostly on the 1974 commerce regulation beneath which the duties have been imposed, USTR will transfer on to a proper overview of whether or not to maintain the tariffs in place, a course of that might take months.
The Biden administration had been contemplating whether or not to take away some tariffs as a approach to cut back inflationary pressures.
Reuters reported final month that consideration of this transfer had been placed on maintain following China’s army maneuvers close to Taiwan after Home Speaker Nancy Pelosi’s go to to the island. learn extra
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Reporting by David Lawder
Enhancing by Chris Reese
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