The administration of US President Joe Biden is considering “all options” as it reviews potential changes to US duties on Chinese imports, including tariff relief and new trade investigations, in a shift of focus to strategic concerns with Beijing, Deputy US Trade Representative Sarah Bianchi said on Thursday.
Bianchi said in an interview that the agency is seeking to address long-term challenges from China and “getting a tariff structure that really makes sense.”
“We’re looking at everything, and what we’re focused on is making sure that we have again a long-term realignment of the relationship with China, focusing on some of the concerns ... such as non-market practices and economic coercion,” Bianchi said.
Photo: Reuters
Biden has said he is considering removing some of the tariffs imposed on hundreds of billions of US dollars worth of Chinese goods by former US president Donald Trump in 2018 and 2019 amid a bitter trade war between the world’s two largest economies. His administration is seeking ways to cool inflation, and industry groups have called for tariff cuts to reduce costs for businesses and consumers.
While an initial round of tariffs on US$50 billion worth of strategic and industrial goods from China resulted in a so-called Section 301 investigation of Beijing’s misappropriation of US technology, dueling rounds of retaliation heaped US duties on US$300 billion more of imports, from bicycles to apparel to Bluetooth devices.
US Secretary of the Treasury Janet Yellen has said that some duties hurt consumers and should be removed, while US Trade Representative Katherine Tai (戴琪) said that the tariffs should be considered as part of an overall strategy to push China to meet its trade commitments and end abusive economic practices.
China has also been saying that tariff reductions would cut costs for US consumers. Chinese Ambassador to the US Qin Gang (秦剛) has said the tariffs “not only hurt China, but hurt America.”
When asked whether the tariff decision could result in a removal of some tariffs on consumer goods while launching a new investigation into China’s industrial subsidies and other practices, Bianchi said: “Everything is on the table right now.”
She said that Tai’s office has provided some relief from the China tariffs by reinstating 352 expired product-specific exclusions from the duties of up to 25 percent. More than 140 members of the US Congress have called for the list to be expanded.
Tai’s office is conducting a statutory four-year review of the Section 301 tariffs, which could last for several more months. The agency is collecting comments from industry participants in two batches, ending July 5 and Aug. 22.
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