U.S. Trade Representative: The Trump administration will not increase taxes on China until June

2018-04-03

        

              U.S. government officials said on Wednesday that US President Donald Trump’s tariff policy on Chinese goods may not be implemented until early June. Open consultations and potential tariff amendments have given time for preventing the "trade war" negotiations.

              According to U.S. Trade Representative Robert Lettzel, there will be a 60-day public comment period for the forthcoming tariff list, but he added that it is still necessary to bring China-US trade relations “on a good level”. Several years.

              Wright Heather said on CNBC television (Financial News) that the total value of the products on the list exceeds 50 billion U.S. dollars, mainly "high-tech products," and the specific product categories will be selected by computer algorithms to enable Chinese exporters. The loss is maximized while minimizing the losses of US consumers.     

             The Trump administration’s current tariff increase aims to punish China. It accuses the Chinese government of misappropriating US intellectual property in a planned manner. The Chinese government has also introduced a series of policies aimed at forcing US companies to implement technology transfer.

              Lightshase said: "We will announce the list of tariffs soon, and in the 60-day public comment period, let the people have the opportunity to express their views on this policy."

              Earlier, the U.S. Trade Representative Office (USTR) announced that it would accept written comments within 30 days of the release of the goods list, which must be announced before April 6, according to a statement signed by Trump last week.

              An official of the Trump administration said that he expects to hold a public hearing on the tariff list one month later.

              The official added that the entire process may take more than 60 days. "60 days" refers to the expected time of public comment, and the final tariff list and effective date will be finalized thereafter.

              When asked if negotiations with China can avoid the increase of tariffs, Leitschitz said: "I think there is still hope."

              He said that the economic systems of China and the United States are different, "there exists a certain degree of tension between the two countries."

              Wright Heather did not mention Trump cabinet members (including Finance Minister Stephen Nuchin) and China’s discussion on how to avoid tariff increases.

               A person familiar with the matter said that U.S. requirements include reducing China’s 25 per cent tariff on U.S. cars and allowing more U.S. companies to enter the Chinese financial industry.