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US may extend tariff suspensions on $34 billion in Chinese goods

The USTR will evaluate US importers' efforts to source the products in the United States

Reuters 

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The United States Trade Representative is studying whether to extend tariff suspensions on $34 billion (£26.44 billion) of set to expire on Dec. 28 this year, the agency said on Monday.

The USTR, the lead US trade agency, said it would take comment on the proposed tariff suspension from Nov. 1 to Nov. 30. The USTR said in December 2018 that, at the request of US importers, $34 billion in would be exempt from 25% tariffs first set in July of 2018.

The USTR will evaluate US importers' efforts to source the products in the United States or from third countries when it decides whether to extend tariff suspensions, according to a Federal Register notice.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, October 29 2019. 03:22 IST
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