The Trump administration is not considering broad relief from import tariffs on ...
WASHINGTON - The Trump administration is not considering broad relief from import tariffs on Chinese goods to ease economic pain from the coronavirus, U.S. Treasury Secretary Steven Mnuchin said on Friday, dashing the hopes of industry and some lawmakers.
Anti-tariff forces both outside and inside the government see the virus crisis as their biggest opportunity for rolling back at least some import taxes since a U.S.-China “Phase 1” trade deal was reached in December. Lighthizer, who for three years has led the Trump administration’s efforts to impose tariffs on Chinese goods, “was not receptive to the idea” during a closed-door meeting with members of the House Ways and Means Committee, Murphy said.here
But there are differing views on tariffs within the Trump administration, Allen said, with “no clear consensus on moving forward with a tariff reduction no matter how obvious it may be that it’s in both countries’ interest.”Trump has touted his tough stance on China trade as a key differentiator from Democratic challengers in the November presidential election. Keeping tariffs in place on Chinese goods allows him to say he is maintaining leverage over China for a Phase 2 trade deal.
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