Page 24 - The South China Business Journal
P. 24
C. Today
TARIFF
White House Proposes Tariffs on
Imports from China
President Trump signed a In addition, the Treasury issued a nearly 200-page report on
memorandum on March 22 Department will pursue restrictions China’s theft of intellectual property
proposing the imposition of tariffs on investment by Chinese firms in and technology.
on a variety of imported goods sensitive U.S. technology. On March
from China and other actions to 23, the Administration also initiated a A U.S. Chamber of Commerce
respond to China’s acts, policies, WTO case on China’s discriminatory spokesperson said:
and practices related to technology technology licensing practices.
transfer, intellectual property, and “As U.S. Chamber President Tom
innovation. In particular, the White Before the tariffs are implemented, Donohue has said, the administration
House proposed a 25% tariff on the administration will allow a is rightly focused on restoring equity
certain products that are supported by consultation period to seek input and fairness in our trade relationship
Chinese industrial policies. from the business community. The with China. However, the U.S.
Federal Register notice is expected to Chamber believes that imposing
The Chamber’s China Center be issued next week. The President’s taxes on American consumers and
understands that the tariff package, Executive Order instructed the U.S. job creators in the form of new tariffs
which has not yet been finalized, Trade Representative to publish is not the way to achieve those ends.
will be focused on Made in China its tariff package within 15 days. The U.S. Chamber looks forward to
2025 sectors and related products. The China Center will be actively engaging the administration during
Contrary to earlier reports, tariffs are engaged with the administration in this process to ensure the business
not expected to hit sectors unrelated these consultations and will include community’s voice is heard on U.S.-
to Made in China 2025 (e.g., toys, members in the process as planning China trade matters.”
games, furniture). Of note, the White unfolds.
House Fact Sheet specifies that sectors The Chamber has publicly voiced its
subject to the proposed tariffs include Accompanying the President’s opposition to sweeping tariffs over the
aerospace, ICT, and machinery. memorandum, the White House past week through a press release and
issued a Fact Sheet and the Office a multi-association sent letter to the
22 AmCham South China of the United States Representative President.■
TARIFF
White House Proposes Tariffs on
Imports from China
President Trump signed a In addition, the Treasury issued a nearly 200-page report on
memorandum on March 22 Department will pursue restrictions China’s theft of intellectual property
proposing the imposition of tariffs on investment by Chinese firms in and technology.
on a variety of imported goods sensitive U.S. technology. On March
from China and other actions to 23, the Administration also initiated a A U.S. Chamber of Commerce
respond to China’s acts, policies, WTO case on China’s discriminatory spokesperson said:
and practices related to technology technology licensing practices.
transfer, intellectual property, and “As U.S. Chamber President Tom
innovation. In particular, the White Before the tariffs are implemented, Donohue has said, the administration
House proposed a 25% tariff on the administration will allow a is rightly focused on restoring equity
certain products that are supported by consultation period to seek input and fairness in our trade relationship
Chinese industrial policies. from the business community. The with China. However, the U.S.
Federal Register notice is expected to Chamber believes that imposing
The Chamber’s China Center be issued next week. The President’s taxes on American consumers and
understands that the tariff package, Executive Order instructed the U.S. job creators in the form of new tariffs
which has not yet been finalized, Trade Representative to publish is not the way to achieve those ends.
will be focused on Made in China its tariff package within 15 days. The U.S. Chamber looks forward to
2025 sectors and related products. The China Center will be actively engaging the administration during
Contrary to earlier reports, tariffs are engaged with the administration in this process to ensure the business
not expected to hit sectors unrelated these consultations and will include community’s voice is heard on U.S.-
to Made in China 2025 (e.g., toys, members in the process as planning China trade matters.”
games, furniture). Of note, the White unfolds.
House Fact Sheet specifies that sectors The Chamber has publicly voiced its
subject to the proposed tariffs include Accompanying the President’s opposition to sweeping tariffs over the
aerospace, ICT, and machinery. memorandum, the White House past week through a press release and
issued a Fact Sheet and the Office a multi-association sent letter to the
22 AmCham South China of the United States Representative President.■
