US may extend tariff suspensions on US$34b in Chinese goods | Money


A worker gestures as a crane lifts goods for export onto a cargo vessel at a port in Lianyungang, Jiangsu province, China February 13, 2019. — Reuters pic
A worker gestures as a crane lifts goods for export onto a cargo vessel at a port in Lianyungang, Jiangsu province, China February 13, 2019. — Reuters pic

WASHINGTON, Oct 29 ― The United States Trade Representative is studying whether to extend tariff suspensions on US$34 billion (RM142 billion) of Chinese goods set to expire on December 28 this year, the agency said yesterday.

The USTR, the lead US trade agency, said it would take comment on the proposed tariff suspension from November 1 to November 30. The USTR said in December 2018 that, at the request of US importers, US$34 billion in Chinese goods would be exempt from 25 per cent 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. ― Reuters



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