US-China tariff deadline extended to March 2
- 1 month ago
The U.S. Trade Representative office (USTR) has announced changes to the due date for a tariff increase on Chinese goods.
The original January 1 has been pushed back to March 2 as Washington and Beijing engage in talks over intellectual property and other trade issues.
The notice issued by the Federal Register does not affect the 25% which is currently on $50 billion worth of Chinese technology items. Those include semiconductors, printed circuit boards and other electronic components, machinery and vehicles.
The notice came along with other documents tied to USTR’s “Section 301” as part of an ongoing investigation which is looking into China’s intellectual property practices.
Source: Smart Trend Team