The U.S. Trade Representative’s Office announced on Friday that it was officially delaying for a week tariff hikes on numerous products imported from China. The announcement said the tariffs, which had initially been set to rise to 25% on June 1, would instead remain at their current level of 10% until June 15. The USTR first gave notice in mid-May it would delay the hike.
It is unclear exactly how extensive the list of items is that will remain under the 10% rate thanks to the exception. References in Friday’s announcement however indicate it covers a wide range of agricultural products, livestock, fish, electrical equipment, and furniture, among other items. The 10% rate initially covered $200 billion in Chinese goods.
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