United States: Additional duties against China are maintained
While the Biden administration planned in the spring to lower or remove additional customs duties imposed by Donald Trump on Chinese products since 2018 (cf.US: end of customs duties on Chinese imports?On Friday, Washington finally announced the continuation of these sanctions.
These punitive customs dutiesshould have expired on 6 July last, but more than300 US companiesexpressed support for the continuation of these measures. Many indicated that they had been able to compete with Chinese imports, invest in new technologies, increase production or hire additional workers. This would also have enabled them to combat unfair competition practices that they consider to be the victims of by the Middle Empire.
The US Trade Representative Office (USTR for United States Trade Representative) will study in detail the returns of companies and the impact of these sanctions on the US economy and consumption.
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