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Jul 24, 2018

U.S. trade officials hold hearing on next batch of tariffs

In June, President Donald Trump announced tariffs on $50 billion in Chinese goods, most of which went into effect earlier this month. Now U.S. trade officials are set to impose the rest of them, but not before a hearing on Tuesday and Wednesday with U.S. business leaders. The list of products includes industrial machinery, communications […]

by Aaron Schrank
A factory worker makes parts in a welding room at LGMazak, a Sino-Japanese joint venture firm that manufactures digitally controlled machinery for automotive, aviation, chemical, and manufacturing industries, 03 September 2004 in Yinchuan, in northwest China's Ningxia Hui Autonomous region. 
A factory worker makes parts in a welding room at LGMazak, a Sino-Japanese joint venture firm that manufactures digitally controlled machinery for automotive, aviation, chemical, and manufacturing industries, 03 September 2004 in Yinchuan, in northwest China's Ningxia Hui Autonomous region. 
FREDERIC J. BROWN/AFP/Getty Images

In June, President Donald Trump announced tariffs on $50 billion in Chinese goods, most of which went into effect earlier this month. Now U.S. trade officials are set to impose the rest of them, but not before a hearing on Tuesday and Wednesday with U.S. business leaders. The list of products includes industrial machinery, communications technology, and aerospace parts from China. While many U.S. businesses welcome a crackdown on China’s trade practices, they fear retaliation. Businesses will be able to air their concerns at this week’s hearing or apply for exemptions from the tariffs before they go into place.

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