Revisions will not be made until the review has been completed.
Secretary of Commerce Gina Raimondo said President Biden’s administration will not adjust any of the tariffs against China that were placed by the previous administration until a formal review is complete.
President Trump’s administration imposed tariffs on thousands of Chinese imports between 2018 and 2019, curbing $370 billion of Chinese-based sales from being made in the United States. The previous administration made those decisions after conducting an investigation that found China regularly coerced sensitive data from U.S. companies during business transactions and misused U.S. intellectual properties.
Secretary Raimondo agreed that some of the tariffs could effectively address these issues. However, she said that some could be “much more strategic and that’s why we are doing this four-year review.”
As the Lord Leads, Pray with Us…
- For U.S. commerce officials as they review the tariffs that were placed against China.
- For Secretary Raimondo to seek the Lord’s direction as she oversees the Commerce Department.
- For wisdom for the president and his economic advisors as commerce decisions are made regarding China.
Sources: Reuters, Wall Street Journal
