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U.S. TRADE REPRESENTATIVE WILL KEEP CHINA TARIFFS IN PLACE
Agri-Pulse reports:

More than $300 billion worth of Section 301 tariffs on Chinese imports imposed by the Trump administration will stay in place for now because there is support from U.S. industries that benefit from them, according to the Office of the U.S. Trade Representative.

The tariffs that played a major role in the China trade war and spurred retaliatory tariffs on mostly U.S. agricultural exports could have expired automatically over the past two months, but that didn't happen because U.S. industries argued against it, according to the USTR, which says it is now preparing to conduct a review of the tariffs.

What happens now? USTR says to stay tuned because "details on the next steps in the four-year review process will be set out in subsequent notices."

In May, USTR asked U.S. companies that benefit from the tariffs to send the agency their opinions on whether the tariffs should expire. But soon, USTR will ask for additional feedback, including the opinions of consumers.

Keep in mind: USTR Katherine Tai told lawmakers at a June hearing before a Senate Appropriations subcommittee that she believes the tariffs make the U.S. more competitive with China.

"The China tariffs are, in my view, a significant piece of leverage, and a trade negotiator never walks away from leverage," Tai said at the hearing.


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