WASHINGTON, Sept 7 — The office of US Trade Representative Katherine Tai yesterday further extended China “Section 301” tariff exclusions on 352 Chinese import and 77...
WASHINGTON, Sept 7 — The office of US Trade Representative Katherine Tai yesterday further extended China “Section 301” tariff exclusions on 352 Chinese import and 77 Covid-19-related categories till December 31 that were set to expire on September 30.The import tariff exclusions include industrial components such as pumps and electric motors, some car parts and chemicals, bicycles and vacuum cleaners.
US Commerce Secretary Gina Raimondo said on Tuesday she does not expect any revisions to US tariffs on China until the US trade representative’s office completes the review.Former US President Donald Trump imposed tariffs in 2018 and 2019 on thousands of imports from China valued at some US$370 billion at the time, after a “Section 301” investigation found that China was misappropriating US intellectual property and coercing US companies to transfer sensitive technology to do business.
The duties currently range from 7.5 per cent on many consumer goods to 25 per cent on vehicles, industrial components, semiconductors and other electronics. Among the major categories that escaped tariffs were cellphones, laptop computers and videogame consoles. The Trump administration had used Section 301 of the Trade Act of 1974, a statute aimed at combating trade partners’ unfair practices, to launch the China tariffs. — Reuters
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