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The United States continues to review public opinions on the 301 tariffs on China, and the imposition of new tariffs will be postponed for at least two weeks

2024-07-31

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On July 30, local time, the Office of the United States Trade Representative (USTR) issued an announcement on the imposition of 301 tariffs on China, stating that the implementation of some measures to impose substantial tariffs on a series of Chinese imported products such as electric vehicles and their batteries, computer chips and medical products will be postponed for at least two weeks. The USTR said in May that these tariffs would take effect on August 1, but the office now says it is still reviewing the 1,100 comments received and expects to announce a final decision in August. The office added that the new tariffs will take effect about two weeks after the final decision is announced.

On May 14, the United States released the results of the four-year review of the 301 tariffs on China, announcing that on the basis of the original 301 tariffs on China, it would further increase tariffs on electric vehicles, lithium batteries, photovoltaic cells, key minerals, semiconductors, steel and aluminum, port cranes, personal protective equipment and other products imported from China. On May 28, the Office of the United States Trade Representative began a 30-day public opinion collection. In May, China expressed its firm opposition and solemn representations to the measures to be implemented by the United States. A spokesperson for the Ministry of Commerce of China recently stated on this issue again that the United States has ignored international economic and trade rules and insisted on retaining and raising the 301 tariffs on China, politicizing and weaponizing economic and trade issues, which is inconsistent with the important consensus reached by the leaders of the two countries and is a typical political manipulation. The United States should immediately correct its wrong practices and cancel the tariffs on China.