Bussiness
Biden to End Tariff Exclusions on Hundreds of Chinese Products
President Joe Biden will reimpose tariffs on hundreds of goods imported from China, the office of the US Trade Representative announced, as part of a broader plan to increase duties in strategic sectors and protect American manufacturing.
The US will allow tariff exclusions to expire on about half of 400 products that had been spared, USTR said on Friday. It added that 164 exclusions would be extended through May of next year. All of the exemptions, which are set to expire at the end of this month, will be extended through June 14 to allow for a transition period for those that aren’t being renewed.
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