- September 3, 2022
- Posted by: Stratford Team
- Category: Economy
China US Photo:Global Times
As the Biden administration announced on Friday it will keep tariffs on hundreds of billions of dollars of Chinese imports in place during a statutory review of the duties, it seems like there is little chance Washington will correct its mistake on the China tariff issue in the short term.
Chinese experts said on Saturday that the US has been sending ambiguous and sometimes contradictory signals on the China tariff issue in recent months, a typical demonstration of a heavily politicized economy that actually sees the trade issue as a bargaining chip.
The US Trade Representative’s (USTR) office said since it had received requests from companies and other interested parties to maintain the “Section 301” tariffs imposed by former president Donald Trump, it will start a formal review of the tariffs, a process that could take months, Reuters reported on Saturday.
Based on the 1974 trade law under which the tariffs were imposed,…
