In short: the Administration has identified the right issues that need to be addressed with China, which has led to some progress while negotiations have been underway. The imposition of a final round of tariffs on the equivalent of all remaining imports, however, will halt additional progress and undermine the gains that American companies would make in China, to the benefit of other foreign companies doing business in the market. The tariffs would also harm American consumers and damage American companies’ overall competitiveness due to the higher costs that will be associated with American-made products. To this end, we urge the Administration to not implement tariffs on this final proposed list of products.

We’re back on the line with Jake Parker in Beijing this week. First, we get the important parts from Li Keqiang’s recent speech, then we break down the classifications within the new draft of the Encryption Law, and last, we get some trade negotiation updates.