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Jun 24, 2022 03:34 AM
WORLD

U.S. Tariffs on China Provide Negotiating Leverage, Trade Chief Says

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(Bloomberg) — U.S. tariffs on more than $300 billion of annual imports from China provide significant leverage and are useful from a negotiating standpoint, President Joe Biden’s trade chief said amid a debate within the administration on whether to keep the duties in place.

“The China tariffs are, in my view, a significant piece of leverage, and a trade negotiator never walks away from leverage,” U.S. Trade Representative Katherine Tai said Wednesday at a Senate hearing in response to a question from Senator Bill Hagerty, a Tennessee Republican, about whether removing the duties would encourage “more bad behavior” by Beijing.

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