Please try another search
© Reuters. FILE PHOTO: U.S. President Joe Biden waves as he walks towards Marine One to depart for a weekend at Camp David from the White House in Washington, U.S., September 2, 2022. REUTERS/Jonathan Ernst
2/2
WASHINGTON (Reuters) - The Biden administration said on Friday it will keep tariffs on hundreds of billions of dollars worth of Chinese imports in place while it continues a statutory review of the duties imposed by former President Donald Trump.
The U.S. Trade Representative's office said in a federal notice that it received requests from companies and other interested parties to maintain the "Section 301" tariffs imposed in 2018 and 2019. The comments were collected during the spring and summer.
Based on the 1974 trade law under which the duties were imposed, USTR will move on to a formal review of whether to keep the tariffs in place, a process that could take months.
The Biden administration had been considering whether to remove some tariffs as a way to reduce inflationary pressures.
Reuters reported last month that consideration of this move had been put on hold following China's military maneuvers near Taiwan after House Speaker Nancy Pelosi's visit to the island.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.