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U.S. reinstates 352 product exclusions from China tariffs

Published 03/23/2022, 05:13 PM
Updated 03/25/2022, 12:25 AM
© Reuters. FILE PHOTO: U.S. Trade Representative Ambassador Katherine Tai speaks to members of the media following a tour of a silicon wafer plant being expanded by South Korean semiconductor manufacturer SK Siltron CSS, in Bay City, Michigan, U.S., March 16, 2022.

WASHINGTON (Reuters) - The U.S. Trade Representative's office said on Wednesday it has reinstated 352 expired product exclusions from U.S. "Section 301" tariffs on Chinese imports, well short of the 549 exclusions that it was previously considering.

The reinstated product exclusions will be effective retroactively from Oct. 12, 2021, and extend through Dec. 31, 2022, USTR said. They cover a wide range of the initially estimated $370 billion worth of Chinese imports 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.

A spokeswoman at China's commerce ministry said on Thursday the U.S. decision was beneficial to normalizing the trade flow of those products, and hoped bilateral trade relations would get back on a normal track.

"Amid inflation spikes and challenges to the global economic recovery, we hope the U.S. could scrap all tariffs on Chinese products as soon as possible for the fundamental interests of consumers and producers in China and the U.S.," spokeswoman Shu Jueting told reporters.

The Trump administration initially granted more than 2,200 exclusions to the tariffs to provide relief to certain industries and retailers. Most were allowed to expire, but 549 were extended for a year, and these expired at the end of 2020.

U.S. Trade Representative Katherine Tai last October launched a review of whether to reinstate those 549 exclusions as part of her strategy to confront China on its trade practices.

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A series of virtual meetings with her Chinese counterparts since then yielded little improvement in China's performance under Trump's "Phase 1" trade agreement with Beijing.

Latest comments

after midterms no more Dems in charge
that is not enough.
this is why the dollar tree costs 1.25 now instead of 1.00 like it used to. #Let'sMakeLeadPaintGreatAgain
That money Hunter received from China is paying off
Derp
Next, China will raise their price 19.3% (average tariff imposed by US on all products) with the reason of inflation.
As always with the left-wing press, you need to read the story from the bottom up. No improvement in China's keeping their promises, but still the U.S. will remove some tariffs.
I have no idea what the U.S is doing. It is claiming more sanctions but it is doing the opposite. Am I paranoid or the government being delusional and lying without even blinking
China did good bargain , usa loser as usual in this trade
hallo
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