By Eric Martin From Bloomberg News The United States’ review of tariffs on more than $300 billion in Chinese imports that’s required as the duties reach their four-year anniversary will likely take months, a top trade official said. At the same time, that won’t prevent the Biden administration from taking other steps such as exclusions…
US’s China-Tariff Review Likely to Take Months, Aide Says
May 29, 2022
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US Extends Tariff Exclusions on Chinese COVID-19 Medical Products
WASHINGTON—The U.S. Trade Representative’s (USTR) office on Friday said it extended tariff exclusions on Chinese-made medical products needed to address the COVID-19 pandemic for another six months, to Nov. 30. The exclusions from tariffs of up to 25 percent imposed by former President Donald Trump’s administration were granted in 2020 and were subsequently extended, but…
US, Britain to Continue Trade Dialogue in Scotland in April
BALTIMORE, Md.—Top trade officials from the United States and Britain will meet in Scotland in April after two days of talks in the U.S. port city of Baltimore on forging deeper and more inclusive trade relations, and a surprise deal on cutting tariffs. British trade minister Anne-Marie Trevelyan told reporters on Tuesday the meetings had…
A Global China Tax Is Needed to Defend Democracy and Freedom of the Seas
December 8, 2021
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News Analysis Beijing is so powerful that we cannot expect any one country to accept the sole economic burden of defending the world from the Chinese Communist Party (CCP). Over the last few years, there has been a sea change in public understanding of the increasing threat from China. Nothing has demonstrated the China threat…
US Drops Tariff Threat in Digital Tax Transition Deal With European Countries
October 23, 2021
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PARIS/WASHINGTON—The United States on Thursday withdrew its threat of tariffs against five European countries over their digital services taxes as part of a deal to manage the transition to a new global tax regime for large highly profitable corporations. Austria, Britain, France, Italy, Spain will get to keep their digital taxes in place until a…
China Presses US to Cancel Tariffs in Virtual Meeting
October 9, 2021
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China’s top trade negotiator Liu He pushed his U.S. counterpart Katherine Tai to cancel trade tariffs in a virtual meeting on Oct. 9 as the world’s biggest economies kick off negotiations following a lengthy break. During the virtual talk, the Chinese side “negotiated over the cancellation of tariffs and sanctions, and clarified position on China’s…
Biden Administration to Offer ‘Targeted Tariff Exclusion’ on Chinese Goods
October 4, 2021
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WASHINGTON—The Biden administration will announce on Monday its “new strategy” on trade relations with China, which will include extending tariff exclusion on certain Chinese goods, according to senior administration officials. U.S. Trade Representative Katherine Tai, in a speech at a Washington think tank on Monday, is planning to reveal the China trade policy of the…
US Trade Office Says GM Mexico Labor Case Concluded, Tariff Threat Lifted
September 23, 2021
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WASHINGTON—A U.S. labor complaint under the U.S.-Mexico-Canada trade pact over a General Motors plant union vote in Mexico has been successfully concluded, lifting the threat of U.S. tariffs on the factory’s pickup trucks, the U.S. Trade Representative’s (USTR) office said on Wednesday. The United States opened the case in May after complaints that workers’ rights…
EU, US Agree To Temporarily Suspend Tariffs in Steel Dispute
BRUSSELS—The European Union and the United States have decided to temporarily suspend measures at the heart of a steel tariff dispute that is seen as one of the major trade issues dividing the two sides. With the decision, “we are walking the talk in our efforts to reboot the trans-Atlantic relationship,” said EU trade chief…
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USTR Seeks Public Comment on Tariff Exclusions for 549 Chinese Import Categories
WASHINGTON—The U.S. Trade Representative’s office said on Tuesday it is seeking public comments on plans to revive a targeted tariff exclusion process for imports from China, specifically whether to reinstate previously extended exclusions on 549 import product categories. USTR said it would accept public comments from Oct. 12 through Dec. 1 on possible exclusions for…