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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: tntpal who wrote (169545)	3/6/2022 2:00:44 PM
From: richardred	Respond to of 207068

U.S. to Begin Review of Tariffs on $300 Billion of China Imports Review needed for duties first imposed by Trump in July 2018 ‘This isn’t something that can be ignored,’ lawyer says March 5, 2022, 1:00 PM EST President Joe Biden’s administration will soon start a review of the first group of tariffs on more than $300 billion in Chinese imports needed to prevent their expiration, a process likely to bring new scrutiny of their effectiveness as inflation runs at a four-decade high. The evaluation, officially known as a “review of necessity,” so far has attracted little attention. It relates to Section 301 of the Trade Act of 1974, the law that President Donald Trump used to hit China with the tariffs starting in July 2018. The U.S.-China TariffsTariffs, by percentage rate, imposed by the U.S. and China on each other since March 2018 Sources: Office of the U.S. Trade Representative, Bloomberg Note: Dec. 13 reference in Sept. 2019 box is for same year The law states that the tariffs expire four years after they were imposed, unless the U.S. Trade Representative’s office analyzes their effectiveness and consequences. The review needs to happen within 60 days of their potential end, which is July 6 for the first group of $34 billion in Chinese goods, with the majority set to expire in the following months.