THE TRADE TUSSLE BETWEEN US AND CHINA: WHAT LIES AHEAD?
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- THE TRADE TUSSLE BETWEEN US AND CHINA: WHAT LIES AHEAD?
The US Trade Representative (USTR) increased tariffs on $18 billion worth of Chinese imports under the current Biden administration after the agency reviewed existing tariffs under Section 301 of the Trade Act of 1974. The new tariffs target major growth industries and national security sectors expressed concern about China’s unfair trade practices regarding technology, transfer, intellectual property, and innovation.