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TRADE WARS
US seeks comments on China tariff exclusions amid new trade approach
by AFP Staff Writers
Washington (AFP) Oct 5, 2021

The United States announced Tuesday it will take public comments regarding exclusions from its tariffs on China as President Joe Biden's administration grapples with what it views as Beijing's failure to honor a trade deal.

US Trade Representative (USTR) Katherine Tai had the day prior announced Washington would seek "frank conversations" with China over its adherence to a 2020 agreement meant to cool commercial tensions between the two economic powers.

That deal came after Biden's predecessor Donald Trump imposed tariffs on $370 billion of Chinese products in 2018, citing trade practices Washington deemed "unfair."

However many US companies have criticized the levies, saying they drive up costs, since importers bear their brunt, and on Tuesday USTR announced a "targeted tariff exclusion process."

More than 2,200 exclusions had previously been granted and 549 extended until most expired at the end of last year, USTR said in a statement.

"As these exclusions were previously found to warrant additional time, USTR will evaluate, on a case-by-case basis, the possible reinstatement of each exclusion," the statement said.

"The focus of the evaluation will be whether... the particular product remains available only from China."

The public comment period runs from October 12 through December 1, and USTR said it would weigh the exclusion's impact on factors including employment, supply chains and its overall policies towards China.


Related Links
Global Trade News


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TRADE WARS
EU leaders seek unity on how to face China and US
Brdo Castle, Slovenia (AFP) Oct 5, 2021
EU leaders held tough discussions on Europe's place in the world at a summit on Tuesday, as they sought unity on how to deal with superpowers China and the United States. The gathering at Brdo Castle in Slovenia was their first meeting since June and saw them grapple with the fallout from the Taliban's takeover of Afghanistan and a US submarine pact with Australia that enraged France. The dinner took place on the eve of an EU-Western Balkans summit in which countries to the bloc's east will se ... read more

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