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U.S. Takes First Step Towards Four-Year China Tariffs Review

  • Domestic industries need to ask for duties to remain in place
  • USTR then must conduct a review examining tariff need, effects
Bloomberg business news
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The Biden administration is taking the first step toward a review of tariffs on more than $300 billion in Chinese imports that’s required to keep them from starting to automatically expire in July.

The U.S. Trade Representative’s office is notifying representatives of domestic industries that benefit from the duties of their possible end at their four-year anniversary, and the opportunity to request that they remain, it said on Tuesday.