Will Not Increase Taxes On China Until June
- Mar 30, 2018 -
U.S. government officials said on Wednesday that US President Donald Trump’s tariff policy on Chinese goods may not be implemented until early June. Open consultations and potential tariff amendments have given time for preventing the "trade war" negotiations. According to U.S. Trade Representative Robert Lettzel, there will be a 60-day public comment period for the forthcoming tariff list, but he added that it is still necessary to bring Sino-US trade relations “to a good level”. Several years. Wright Heather said on CNBC television (Financial News) that the total value of the products on the list exceeds 50 billion U.S. dollars, mainly "high-tech products," and the specific product categories will be selected by computer algorithms to enable Chinese exporters. The loss is maximized while minimizing the losses of US consumers. The Trump administration’s current tariff increase aims to punish China. It accuses the Chinese government of misappropriating US intellectual property in a planned manner. The Chinese government has also introduced a series of policies aimed at forcing US companies to implement technology transfer. Lightshase said: "We will soon publish a list of tariffs, and in the public comment period of 60 days, let the people have the opportunity to express their views on this policy." Prior to this, the U.S. Trade Representative Office (USTR) announced that it would publish products. Written comments were accepted within 30 days of the list, and according to a statement signed by Trump last week, the list must be announced before April 6. An official of the Trump administration said that he expects to hold a public hearing on the tariff list one month later. The official added that the entire process may take more than 60 days. "60 days" refers to the expected time of public comment, and the final tariff list and effective date will be finalized thereafter. When asked if the negotiation with China can avoid the increase of tariffs, Wright Zezer said: “I think there is still hope.” He said that the economic systems of China and the United States are different, “there is a certain degree of tension between the two countries. relationship". Wright Heather did not mention Trump cabinet members (including Finance Minister Stephen Nuchin) and China’s discussion on how to avoid tariff increases. A person familiar with the matter said that U.S. requirements include reducing China’s 25 per cent tariff on U.S. cars and allowing more U.S. companies to enter the Chinese financial industry.