USCBC is pleased the United States chief negotiators plan to continue discussions with China in early October, and that the decision to impose these tariff increases has been delayed to create a favorable environment for those meetings. We hope those discussions will be productive and bring an end to the cycle of escalating tariffs and retaliatory actions from both sides.
As we have noted in previous submissions, USTR’s Section 301 investigation has identified the right issues that need to be addressed—namely, China’s intellectual property (IP) and technology transfer policies. Tariffs, however, will not help resolve these issues that harm American companies, and have not proven effective at producing meaningful negotiations or concessions from either government. We therefore urge the administration to not increase tariffs on $250 billion worth of Chinese imports.