USTR Pledges Exclusions From Higher China Tariffs If Talks Fail



Erik Wasson, Jenny Leonard | Bloomberg

The Trump administration has promised two senators that the administration will set up a system of exclusions for the next round of proposed tariffs on Chinese goods.

If trade talks with China don’t produce a deal by March 1, the White House has scheduled an increase in tariffs to 25 percent from 10 percent on $200 billion of Chinese goods.

Republican Senator Pat Toomey of Pennsylvania and Alabama Democrat Doug Jones have pressed the office of the U.S. Trade Representative to develop a process whereby some importers can apply for exclusions from the new tariffs, similar to what’s already in place for tariffs on about roughly $50 billion worth of Chinese imports.

[Read more here