Technologies

U.S. Trade Mission Held Hearings on New Duties on Chinese Goods

The department has received many applications from companies opposing the planned fees

The U.S. Trade Mission kicked off a six-day public hearing on Monday on President Trump’s plans to impose duties on a broader range of Chinese goods totaling $ 200 billion..

More than 1,300 written comments on this matter have been submitted to the office. Most companies oppose the plan.

Unlike previous rounds of tariffs, which mainly affected Chinese components, including steel and electronics, the new proposal will directly affect many consumer goods..

In a written statement from the US Chamber of Commerce, which was read during the hearing, the planned escalation of trade measures “will significantly increase the damage to American consumers, workers, companies and the economy.”.

Meanwhile, Trump administration officials and their Chinese counterparts are expected to meet in Washington this week to discuss the trade dispute..

The last formal negotiations on this issue took place in June.U.S. Trade Mission Held Hearings on New Duties on Chinese Goods This time, the US delegation will be led by Deputy Treasury Secretary for International Affairs David Malpass, and the Chinese delegation by Vice Minister of Commerce Wang Shouwen..U.S. Trade Mission Held Hearings on New Duties on Chinese Goods Past rounds of negotiations have brought little progress.

The US has already imposed duties on Chinese goods totaling $ 34 billion, and duties on goods worth another $ 16 billion are due to take effect Thursday. China imposed reciprocal duties on American goods for a similar amount.

New duties, if approved, should take effect at the end of September.

  • News Service &# 171; Voices of america&# 187;

    Subscription

Similar articles