Many small businesses said the duties had pushed up their input costs. Read more at straitstimes.com.
WASHINGTON - US businesses big and small made a fresh push for the Biden administration to remove Trump-era tariffs on Chinese goods as the government considers a formal extension on the hundreds of billions of dollars in levies.
after an investigation concluded China stole intellectual property from American companies and forced them to transfer technology. Mr Biden has been holding back on a decision to scrap duties on the Chinese imports, which span industrial inputs – such as microchips and chemicals – to consumer merchandise including apparel and furniture.
In its submission, the US Chamber of Commerce – the biggest business lobbying group and generally an opponent of managed trade – maintained its stance that untargeted, punitive tariffs “undermine US competitiveness and impose undue economic hardships on US businesses, workers, and families.” The Information Technology Industry Council – whose members include top chipmakers Intel Corp., Samsung Electronics Co, and Taiwan Semiconductor Manufacturing Co as well as Apple Inc and Amazon.com Inc – said the tariffs have failed to counteract the Chinese government’s unfair trade policies and practices, and called for their complete rollback.
Noting that prices of cane have jumped over the past few years due to a shortage of labour, Ms Grossman wrote that she does “not understand how the US citizen paying this tariff punishes the Chinese.”
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