FILE PHOTO: U.S. President Donald Trump adjusts his jacket during a tour of Apple's Mac Pro manufacturing plant in Austin, Texas, U.S., November 20, 2019. REUTERS/Tom Brenner/File Photo

The US on Friday announced it would shield dozens of products from steep import tariffs it levied against China last year.
The move was seen as a way to mitigate domestic concerns ahead of the 2020 elections, but it came at a critical moment in trade negotiations.
Thousands of companies have requested relief from tariffs, warning the Trump administration that those measures could eventually force them to raise prices or slash jobs
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The US on Friday announced it would shield dozens of products from steep import tariffs it levied against China last year.

The move was the latest acknowledgement by the Trump administration that its trade policies have threatened to cause financial pain for American companies. President Donald Trump often downplays the domestic effects of his tit-for-tat dispute with the second-largest economy, arguing that it’s necessary to win fairer trade agreements.

Lollipops, vacuum cleaners, table lamps, bicycles, outdoor tables, canoes, cots, and more would be excluded from the tariffs it implemented on $200 billion worth of Chinese products in September 2018, the Office of the US Trade Representative said Friday. In May, Trump more than doubled the tax rate on those imports to 25%.

Thousands of companies have requested relief from those measures, warning the Trump administration that they could eventually force them to raise prices or slash jobs. But the approval process has drawn backlash from companies and watchdogs for a lack of transparency.

USTR general counsel Joseph Barloon said officials determine whether the tariff would “cause severe economic harm to the requestor or other US interests” as part of the exclusion process. They also ask if the product is available only from China or strategically important or related to industrial programs there.

The new exclusions were seen …read more

Source:: Business Insider

      

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