The Trump administration took steps on Friday to exempt\nhundreds of Chinese products from customs duties, ranging from drinking straws\nto pet supplies.<\/p>\n\n\n\n
The U.S. will retroactively remove tariffs on a portion of\nthe $250 billion worth of products that President Donald Trump targeted in\n2018, according to three notices published by the USTR in the Federal Register.\nOther products included certain types of medical supplies, sports equipment and\nhousehold items.<\/p>\n\n\n\n
The United States and China began talks Friday at the level\nof vice-presidents and Chinese President Hu Jintao. However, the move was seen\nas an attempt to protect local businesses and consumers from trade conflict\nrather than as a gesture to resolve the trade dispute.<\/p>\n\n\n\n
Tensions between the two countries have escalated this\nsummer, pledging to expand tariffs to a wider range of imports by the end of\nthe year. Signs of public reaction to tariffs have escalated in recent months\nas their effects are spreading to more consumer products, causing concern for\ninvestors, businesses as well as households.<\/p>\n\n\n\n
This could pose challenges to Trump during his campaigning\nfor re-election. Recent polls suggest that an increasing number of Americans\nare worried about tariffs, and will at least partly blame Trump for an economic\ndownturn.<\/p>\n\n\n\n
The US president recently admitted for the first time that\ntariff costs could hurt domestic businesses. In August, it temporarily\npostponed part of the escalation beyond the holiday shopping season and\nexcluded some products.<\/p>\n\n\n\n
“We’re doing this for the Christmas season,\u201d Trump told\nreporters of the plans. “Just in case some of the tariffs would have an\nimpact on US consumers.\u201d <\/p>\n\n\n\n
But the White House believes tariffs are still needed to\npressure China to change technology and intellectual property rules, which\nofficials say put the United States in an inappropriate position.<\/p>\n\n\n\n
One factor considered by SSC officials in the exemption\nprocess was whether tariffs on a product could cause “severe economic harm”.\nOther factors included whether the product was only available in China and its\nstrategic importance to industrial programs there.<\/p>\n\n\n\n
Tariff exemptions will apply retroactively to products in\nthree separate batches between July and September 2018, depending on the time they\ncame into effect during that period.<\/p>\n","protected":false},"excerpt":{"rendered":"
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