US says start of new China tariffs will be delayed by at least two weeks
The U.S. Trade Representative’s office said on Tuesday, some of the steep U.S. tariff increases on an array of Chinese imports, including electric vehicles and their batteries, computer chips and medical products will be delayed by at least two weeks.
USTR said in May those tariffs would take effect on Aug. 1 but the office said it is still reviewing 1,100 comments received and now expects to issue a final determination in August. The office added the new tariffs will take effect approximately two weeks after the final determination is released.
President Joe Biden in May opted to keep tariffs put in place by his Republican predecessor Donald Trump while ratcheting up others, including a quadrupling of import duties on Chinese EVs to over 100% and doubling semiconductor duties to 50%.
