{"id":1939988,"date":"2023-05-28T13:30:01","date_gmt":"2023-05-28T17:30:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-review-of-china-tariffs-wont-depend-on-trade-breakthrough-deputy-ustr\/"},"modified":"2023-05-28T13:32:24","modified_gmt":"2023-05-28T17:32:24","slug":"us-review-of-china-tariffs-wont-depend-on-trade-breakthrough-deputy-ustr","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-review-of-china-tariffs-wont-depend-on-trade-breakthrough-deputy-ustr\/","title":{"rendered":"US won&#8217;t base China tariff review on trade &#8216;breakthrough&#8217;, says Deputy USTR."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fus-review-of-china-tariffs-wont-depend-on-trade-breakthrough-deputy-ustr%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1939988&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>US Reviewing Tariffs on Chinese Goods<\/h2>\n<blockquote>\n<p>By David Lawder<\/p>\n<p>DETROIT (Reuters) \u2013 The United States is taking an analytical approach to its review of whether to keep tariffs on Chinese goods in place and will not base outcomes on any \u201cbreakthrough\u201d in U.S.-China trade relations, Deputy U.S. Trade Representative Sarah Bianchi told Reuters.<\/p>\n<\/blockquote>\n<p>The Biden administration is not assuming any such breakthrough will happen, but will continue dialogue with China at various levels, Bianchi said in an interview on Saturday as a ministerial meeting of the U.S.-led Indo Pacific Economic Framework talks wrapped up.<\/p>\n<p>\u201cWe are conducting the review from an analytical perspective. We\u2019re not base-casing any breakthrough in the trade relationship\u201d with China as part of the review, Bianchi said. \u201cWe\u2019re not assuming that that will happen.\u201d<\/p>\n<p>Instead, USTR is continuing to study industry and stakeholder comments on the duties consulting with the U.S. Commerce Department, the Treasury and other agencies to determine which categories make strategic sense, she said.<\/p>\n<p>\u201cWe\u2019re taking a look at what\u2019s economically sound,\u201d added Bianchi, who oversees USTR\u2019s engagement in Asia.<\/p>\n<p>Former U.S. President Donald Trump imposed the tariffs in 2018 and 2019 on thousands of imports from China valued at some $370 billion at the time, after a \u201cSection 301\u201d investigation found that China was misappropriating U.S. intellectual property and coercing U.S. companies to transfer sensitive technology to do business.<\/p>\n<p>The duties currently range from 7.5% on many consumer goods to 25% on vehicles, industrial components, semiconductors and other electronics. Among the major categories that escaped tariffs were cellphones, laptop computers and videogame consoles.<\/p>\n<p>The review was required by Section 301 of the Trade Act of 1974 four years after the tariffs were first imposed and it started with initial notification steps in May 2022. Bianchi declined to say when the review would be completed, but added that this was \u201creasonable\u201d by the end of 2023.<\/p>\n<p>Tariff exclusions on 352 import categories from China were extended by USTR at the end of 2022 for another nine months and are now set to expire on Sept. 30. Some trade experts in Washington view that date as a possible decision point in the tariff review.<\/p>\n<h3>Inflation Arguments<\/h3>\n<p>As the review got underway last May, some Biden administration officials argued in favor of lifting some of the tariffs as the Biden administration struggled to contain high inflation.<\/p>\n<p>U.S. Treasury Secretary Janet Yellen that eliminating \u201cnon-strategic\u201d tariffs would reduce costs for specific goods, while Trade Representative Katherine Tai argued that the duties represent \u201csignificant leverage\u201d over China.<\/p>\n<p>Bianchi noted that inflation-related discussions over the tariffs have died down as inflation has eased.<\/p>\n<p>Chinese Commerce Minister Wang Wentao raised objections the Section 301 tariffs as an issue of concern during a meeting with Tai in Detroit on the sidelines of an Asia Pacific Economic Cooperation trade meeting.<\/p>\n<p>Wang\u2019s meeting with Tai and Commerce Secretary Gina Raimondo the day before were the first cabinet-level exchanges between Washington and Beijing in months amid a series of trade and national security setbacks, including the U.S. downing of a Chinese spy balloon that transited the continental U.S.<\/p>\n<p>Bianchi said it was important to the global economy for the U.S. and China to maintain a healthy dialogue, even if they disagree.<\/p>\n<p>\u201cThese are the two largest economies in the world and we need to be talking at different levels, even if they\u2019re difficult conversations,\u201d she said.<\/p>\n<p>\u201cOn trade right now, there aren\u2019t many similar perspectives,\u201d she said of the U.S. and China. \u201cI\u2019m not sure where it will lead, but I think the conversations will continue to be a difficult, but I think it\u2019s important that we have them.\u201d<\/p>\n<h3>Other News<\/h3>\n<ul>\n<li>President Joe Biden nominates General Charles Q. Brown, the nation\u2019s current Air Force Chief of Staff to be the new chairman of the Joints Chiefs of Staff.<\/li>\n<li>Governor Ron Desantis talks up his education policies, ahead of his 2024 presidential campaign.<\/li>\n<li>New York City Mayor Eric Adams says 50% of NYC hotel rooms are filled by illegal immigrants.<\/li>\n<li>The debt ceiling debate has really come down to one thing, spending. House speaker McCarthy says they\u2019re close but no deal yet.<\/li>\n<li>China\u2019s cyberspace regulator said 1.<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/athletics-olympic-champion-crouser-shatters-own-shot-put-world-record\/\" title=\"Olympic champ Crouser breaks own shot put record.\">4 million social media posts<\/a> have been deleted following a two-month probe.<\/li>\n<li>The United States and Japan will deepen cooperation in the research and development of advanced chips and other technologies.<\/li>\n<li>A former public relations firm for Twitter sued the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/big-tech-under-more-fire-for-removing-president-trumps-accounts\/\" title=\"Big Tech under more fire for removing President Trump\u2019s accounts\">social media company<\/a> on Friday, saying it has\u2026<\/li>\n<li>OpenAI has no plans to leave Europe, CEO Sam Altman said on Friday, reversing\u2026<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;breakthrough&#8221; in U.S.-China trade relations will affect its decision on whether to maintain tariffs on Chinese goods, according to Deputy U.S. Trade Representative Sarah Bianchi. The review process will be analytical in nature.<\/p>\n","protected":false},"author":66,"featured_media":1939991,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[6573,7908,4501,4046,7289,16957,7221,27828,4324],"class_list":["post-1939988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-base","tag-breakthrough","tag-china","tag-deputy","tag-review","tag-tariff","tag-trade","tag-ustr","tag-wont"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1939988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1939988"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1939988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1939991"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1939988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1939988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1939988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}