China’s Ministry of Commerce has objected to Washington’s latest tariff on the country’s goods but signalled it will hold off on retaliation for now, noting the 12.5 per cent duty keeps the United States within the ceiling that the Trump administration promised in earlier talks. Washington was manipulating the issue of forced labour, the ministry said in a statement on Monday, calling the Section 301 investigation and the subsequent tariffs “a textbook act of unilateralism and protectionism”. It...
U.S. Trade Representative Jamieson Greer announced the new tariffs on 60 countries under Section 301 of the Trade Act on July 24, a day before the expiration of 10% additional levies on all countries
The United States imposed late on Thursday a fresh wave of tariffs against 60 countries, including China, Japan, South Korea, India and European Union member states, hours before a temporary 10 per cent blanket levy was due to expire. The tariffs, ranging from 10 to 12.5 per cent, are the outcome of a Section 301 investigation into forced labour, with Washington arguing that existing measures have failed to keep goods produced with forced labour out of supply chains. “Today’s action will begin...
The USTR launched two separate Section 301 investigations, covering 60 economies over concerns related to forced labour and excess industrial capacity