Department of Commerce: The US 301 tariff measures to China are not conducive to China and the United States, and it is not conducive to the entire world.

08.09.2022

Number of this text: 1479, the reading time is about 2 minutes old

Introduction: China always believes that the US 301 tariff measures to China are not conducive to China and the United States, and it is not conducive to the entire world.

Author | First Finance Feng Difan elegant

On the 2nd of local time, the US Trade Representative Office (USA) issued a statement on its website stating that the domestic industry representatives who benefited from the 301st investigation of China in China requested to continue to levy tariffs.

In this regard, at the regular conference on September 8th, the spokesman for the Ministry of Commerce of my country, Shu Jingsing, said that China always believes that the 301 tariff measures for the United States to China are not conducive to China and the United States and the entire world. Under the current high inflation situation, the United States has decided to extend tariffs on China, which will inevitably make many American companies and consumers bear greater losses.

The next step

According to Xinhuanet, according to the so -called "301 survey", the United States has imposed 25%tariffs on goods imported from China from July and August 2018. Related measures were originally scheduled to expire on July 6 and August 23 this year.

In May 2022, USSTR began to start with the "301 survey" four -year review procedures, notifying that the domestic industry representatives who benefited from tariff operations may terminate these actions, and also notified these representatives to still have the opportunity to continue to implement tariffs.

USTR stated in a statement on the 2nd that due to the application for continuing execution, the tariff operation has not ended, and USTR will review the tariff operation.

Dr. Guan Jian, partner of Beijing Gaowen Law Firm, told the First Financial Reporter that according to US law, in accordance with its domestic industrial request, the "301" tariffs continued to be implemented. Cancel or do some modifications.

Guan Jian further explained that if there is no domestic industry request, the "301" tariffs will end automatically in four years; if there is a domestic industry request, the tariff will continue to be implemented. At the same time The final direction.

He added that at present, the decision of USSTR does not depend on the number of requests, and it seems that the request is just aimed at specific products.

USSR said that the next step in the four -year review process will be listed in subsequent notifications. This process will include a file for those who are interested in this issue to submit comments on the effectiveness of these actions in achieving the effectiveness of the investigation, other actions that can be taken, and the impact of these actions on the US economy and consumers.

"The United States cancels tariffs on China one day, and consumers and enterprises can benefit one day earlier."

Shu Jingsing once said at a press conference in July that many think tanks and research institutions in China and the United States have made calculations, and canceling all tariffs on China and Canada will have substantial effects on reducing the level of inflation in the United States.

"In the current situation of high inflation, the United States cancels tariffs on China and consumers and enterprises will benefit one day earlier." She said, "China and the United States should work together and work together to create an atmosphere and atmosphere and to create an atmosphere and atmosphere for economic and trade cooperation Conditions, maintain the stability of the global trade and industrial chain supply chain, and benefit the people of the two countries and the people of the world. "

Guan Jian told the First Financial reporter that according to the US Trade Act 1974, no provision of any terms allowed US President to have the power to directly decide and exempt a certain tariff or exempt a certain product. On the contrary, there are only three cases under the bill that can change the current tariff measures.

The first case is that the USTR conducts a review of four years of tariffs. After the review, these measures may be changed.

Second, if the US president believes that tariff measures are necessary to modify and need to take a normal program, you must provide all parties with opportunities for opinions and proposals, such as holding a hearing. After the relevant procedures are over, we can decide whether to relax the measures.

Guan Jian said that in addition to the above two paths provided in the "1974 Trade Law", there is also a method of product exclusion procedure, which only needs to use the US's own tailoring. "This exclusion procedure also requires a relatively long procedure, and a public notice needs to be issued. For example, the announcement said that the relevant part of the relevant part of it is recommended that the USTR may affect the interests of consumers in the tariffs. Please make an opinion. After the observation, some products may be ruled out, "he introduced.

Generally speaking, this product exclusion procedure will take several months, and it takes 6 months or even 9 months to make a decision.

Guan Jian added that the current game of the United States is also fierce. In addition, the United States is conducting a review, and there are more than 400 applications submitted by the stakeholders in the application for review. These opinions may have a greater impact on whether the Biden government should reduce tariffs and how to reduce tariffs.

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