Current Chinese Tariffs Will Stay at 10% Indefinitely, Says USTR
The rate of the third tranche of tariffs on Chinese goods “will remain at 10 percent" indefinitely, said a prepublication Federal Register “modification” notice released Thursday by the Office of the U.S. Trade Representative. That prevented a hike to 25…
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percent at 12:01 a.m. EST Saturday. At President Donald Trump's "discretion,” the USTR “determined that it no longer is appropriate” to hike the tariffs, “in light of progress in discussions with China” on a new trade accord. That levies aren't increasing is the “good news,” emailed trade expert David Cohen with Sandler Travis. Staying at 10 percent indefinitely is "not so good news, he added. Hundreds of tech companies testified last summer against the penalties.