Biden Administration Finally Starts Review of China Section 301 Tariffs
On May 3, in response to repeated calls from TGA and many others, the Office of the U.S. Trade Representative (USTR) finally launched a review of the China Section 301 tariffs. But it remains unclear whether the end result of the Biden administration’s review will lead to the removal of the 25% punitive tariffs on U.S. travel goods imports from China, or when the Biden administration will make a final decision. According to the timelines in yesterday’s announcement, no decision will be made until Fall 2022, at the earliest. Growing inflation fears seem to be the driver behind the decision.