U.S. Takes First Step Towards Four-Year China Tariffs Review

The Biden administration is taking the first step toward a review of tariffs on more than $300 billion in Chinese imports that’s required to keep them from starting to automatically expire in July.

The U.S. Trade Representative’s office is notifying representatives of domestic industries that benefit from the duties of their possible end at their four-year anniversary, and the opportunity to request that they remain. If a request for continuation is received by July 6, the USTR will keep the tariffs in place as it conducts a review to determine their need going forward (source: Bloomberg).