USTR Issues Notices to Review China 301 Tariffs
The Office of the U.S. Trade Representative (USTR) is reviewing Section 301 tariffs, which is required every four years by law, on more than $370 billion of Chinese goods.
“Section 301 of the Trade Act of 1974 allows USTR to enforce U.S. rights under trade agreements and address unfair foreign barriers to U.S. exports,” the National Pork Producers Council (NPPC) said in Capital Update. “Following an investigation, the Trump administration imposed 25% tariffs on imports from China over the country’s forced technology transfer requirements and efforts to acquire U.S. intellectual property and trade secrets. In response, China put a 25% duty on U.S. products, including pork.”
Requests for continuation must be submitted prior to the four-year anniversary of the action, which is July 6, 2022, for the first action in the investigation, explains the Office of the USTR. If one or more requests for continuation are submitted, USTR will publish an additional notice after July 6 announcing the continuation of the tariff action and will proceed with a review of the tariffs.
The review will include an opportunity for all interested persons to provide comments.
"Pork exports add significantly to the bottom line of each U.S. pork producer, so opening new and expanding existing markets for U.S. pork exports through free trade agreements (FTAs) are vital to the continued success of the U.S. pork industry," NPPC says on its website.
The export market is critical to the U.S. pork industry. NPPC continues to work to reduce or eliminate tariff and non-tariff barriers to U.S. pork exports.
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