U.S. Commerce Secretary Gina Raimondo stated on Tuesday that she does not anticipate any changes to tariffs placed on China by the United States during the term of President Donald Trump. Office of the Trade Representative.
US Commerce Secretary Gina Raimondo, until the review is over
Before that evaluation is finished, “I don’t think the (Biden) administration will make any changes,” US Commerce Secretary Gina Raimondo told CNBC. When USTR will wrap up the review is unclear.
China was found to be misappropriating American intellectual property and pressing American companies to relinquish sensitive technology in order to conduct business, according to a “Section 301” probe. As a result, thousands of imports from China with a combined worth of nearly $370 billion were subject to tariffs in 2018 and 2019 under Republican President Donald Trump.
As a member of Democratic President Joe Biden’s administration, US Commerce Secretary Gina Raimondo stated on Tuesday, “We didn’t put those tariffs in place. We don’t think they make a whole of sense in many cases.” “We are conducting this four-year review because I believe that the Trump tariffs could have been much more strategically minded.”
Trump’s China tariffs won’t likely change, according to US Commerce Secretary Gina Raimondo
However, U.S. Commerce Secretary Gina Raimondo noted, “China’s practices of subsidizing their businesses have hurt U.S. workers so we need a level playing field.” Last week, she slammed many new Chinese limitations on U.S. businesses operating in China. The study by USTR is “to see if (the tariffs) are effective.”
China’s trade minister demanded “equal treatment” for Chinese companies investing in the United States when he met with Commerce Secretary Gina Raimondo there last week. He also called the United States’ 301 tariffs on Chinese imports “discriminatory.”
The Trump administration used Section 301 of the Trade Act of 1974, legislation intended to stop unfair trade practices, in order to put the tariffs into effect in 2018 and 2019 which resulted in the talk of Commerce Secretary Gina Raimondo with the Chinese.