U.S. to Begin Review of Tariffs on $300 Billion of China Imports
- Review needed for duties first imposed by Trump in July 2018
- ‘This isn’t something that can be ignored,’ lawyer says
Trucks parked at the Yangshan Deepwater Port in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
President Joe Biden’s administration will soon start a review of the first group of tariffs on more than $300 billion in Chinese imports needed to prevent their expiration, a process likely to bring new scrutiny of their effectiveness as inflation runs at a four-decade high.
The evaluation, officially known as a “review of necessity,” so far has attracted little attention. It relates to Section 301 of the Trade Act of 1974, the law that President Donald Trump used to hit China with the tariffs starting in July 2018.