Facing record wave of inflation, US reinstates tariff exemptions for 352 Chinese products, first hit with punitive duties in 2018 when ex-president Trump started trade war with Beijing
Trade conflict between US and China began when Trump imposed tariffs on $370 billion worth of Chinese products, citing"unfair" trade practices.
In a statement on Wednesday, the US Trade Representative said, "Today's determination was made after careful consideration of the public comments, and in consultation with other US agencies." The exemptions lapsed in late 2020, but President Joe Biden's administration last October began seeking opinions on which of 549 eligible Chinese products should once again be excluded from the tariffs.The Biden administration has been under pressure from businesses as well as Democratic and Republican lawmakers to alleviate the tariff burden, which critics say exacerbate supply issues and drive up prices as the United States deals with a record wave of inflation.
However more than 2,200 exclusions were granted and 549 of those were extended, with most of the exclusions expiring at the end of 2020.
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