China Tariff Increase Postponed
The United States Trade Representative’s office (USTR) has released language to delay a scheduled hike in tariffs on $200 billion worth of Chinese goods, due to be published in the Federal Register next week.
The notice is scheduled to be published in the Federal Register next Tuesday, a USTR spokeswoman said. In it, the agency said it is “no longer appropriate” to raise the rates because of progress in negotiations since December 2018.
A tariff increase to 25 percent from 10 percent was initially scheduled for Jan. 1, but after productive conversations with President Xi Jinping, the Trump administration issued a 90-day extension of that deadline.
The rate of additional duty for the products covered by the September 2018 action will remain at 10 percent until further notice,” the notice said.