USTR reinstates tariffs on 352 Chinese products

The Biden Administration has reinstated 352 from U.S. “Section 301” tariffs on Chinese imports, effective retroactively from October 12, 2021 and extended through Dec. 31, 2022, said the USTR.

The move covers a wide range of Chinese products worth around $370 billion that former president Donald Trump hit with punitive tariffs of 7.5% to 25%.

The list released by USTR includes industrial components such as pumps and electric motors, certain car parts and chemicals, backpacks, bicycles, vacuum cleaners and other consumer goods.

China has not met its obligations under the Trump’s “Phase 1” trade deal. A series of virtual meetings by the USTR along with her Chinese counterparts have yielded little improvement in China’s performance under Trump’s “Phase 1” trade deal.



Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy

Tags: , , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: