USTR: Additional Tariff Against US$ 200 bn Worth of Chinese Goods Remains 10% Unless Otherwise Specified
According to the Federal Register released by Office of the United States Trade Representative (USTR) on March the 5th, the March 1st due date to increase the additional tariff against US$ 200 bn worth of Chinese goods to 25% has been indefinitely postponed and the list of products involved in the investigation will not be extended unless otherwise specified. As a result, the additional tariff the United States imposed upon the involved Chinese goods will remain at the rate of 10%.
According to USTR, considering the results achieved during negotiations after December 2018, it seems to be not the right time to increase the tariff.
Some industry insiders believe that such an act of the U.S. maybe resulted from the appearance of substantial progress in negotiations for intellectual properties and technology transfer. However, no official confirmation regarding relevant details has been released yet.
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