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BREAKING
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed

Biden reviewing tariffs on Chinese imports imposed by Trump

  • By Al Mayadeen Net
  • Source: Agencies
  • 3 May 2022 22:30
2 Min Read

The Biden administration is reviewing tariffs on Chinese imports that are due to expire in months.

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  • The review will require domestic industries that benefit from the tariffs to ask for their continuation (Global Times)
    The review will require domestic industries that benefit from the tariffs to ask for their continuation (Global Times)

The Office of the US Trade Representative (USTR) announced on Tuesday that the Biden administration has begun to review tariffs that were imposed four years ago by former US President Donald Trump.

The tariffs due to expire in the coming months will be reviewed, and domestic industries that benefited from the tariffs will need to request their continuation. Otherwise, the USTR might terminate the tariffs to ease inflation, which is reaching a four-decade high.

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The USTR said in a statement, referring to the tariffs imposed under the China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation policy that “The first step in the process is to notify representatives of domestic industries that benefit from the tariff actions of the possible termination of those actions."

If a request for continuation is received from these industries, the USTR will conduct a review of the tariffs, which are set to expire automatically four years after being imposed, unless the USTR decides to continue them.

The review must be concluded within 60 days of their potential end, which is July 6 for the first group of $34 billion worth of duties. Even with inflation running above 7% and prices surging, the Biden administration has not yet signaled plans to remove the tariffs, which were signed in 2018 as part of Trump's trade war with China.

Despite the growth of the US economy by 5.7% in 2021, inflation has grown even faster, rising 5.8% for all of last year.

  • China
  • US
  • United States
  • US trade
  • Biden administration
  • Biden
  • Biden's administration
  • The Biden Administration

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