U.S. Trade Representative Katherine Tai said on Thursday her agency's review of punitive tariffs on Chinese goods will be a 'robust' consultative process that will collect a wide range of industry comments and assess potential economic impacts.
U.S. Trade Representative Ambassador Katherine Tai speaks to members of the media following a tour of a silicon wafer plant being expanded by South Korean semiconductor manufacturer SK Siltron CSS, in Bay City, Michigan, U.S., March 16, 2022. REUTERS/Rebecca CookOTTAWA, May 5 - U.S.
Tai pledged to "focus on how important this process is and how important it is for us to hear from all of our stakeholders across the economy."that it will conduct a statutory four-year review of the initial "Section 301" tariffs it imposed on Chinese imports in 2018 when the Trump administration had a dispute with Beijing over China's intellectual property and technology transfer practices.
Asked whether she views the tariffs as important leverage to hold China to commitments including a "Phase 1" trade deal negotiated by the Trump administration in early 2020, Tai said she was focused on the longer term.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
From Estee Lauder to Apple, Big Companies Say China's Covid Restrictions Are Hitting BusinessAcross industries, companies say China’s Covid controls are taking a toll — so much so that some executives warn of more unpredictable performance ahead.
Read more »
Nets' Simmons To Have Surgery For Herniated Disk In BackBen Simmons will have surgery to alleviate pain in his back caused by a herniated disk on Thursday. The Nets said it was decided upon after consultation with multiple back specialists.
Read more »
FTC to review Musk’s $44B Twitter buy under anti-trust: reportThe Federal Trade Commission (FTC) is reviewing Tesla CEO Elon Musk’s $44 billion deal with Twitter, setting up a deadline for a possible antitrust review, according to a Thursday report.
Read more »
Moderna first-quarter profit triples on robust vaccine salesCAMBRIDGE, Mass. (AP) — COVID-19 vaccine sales helped Moderna triple its net income in a better-than-expected first quarter.
Read more »
Who makes money when you stream a song online?Streaming has become increasingly popular in the music industry, but it's also changed how those in the industry get paid.
Read more »
Spotlight on local tourism during National Travel and Tourism WeekChip Rogers, president and CEO of the American Hotel & Lodging Association (AHLA), had an optimistic outlook about the prospects for tourism and travel.
Read more »