‘Nothing Wrong’ With Deferring Section 301 Tariffs During Pandemic, Says Trump
President Donald Trump doesn’t oppose deferring tariffs on Chinese imports for 90 days during the pandemic, he told a White House briefing Tuesday. “I’m going to have to approve the plan,” said Trump. “I approve everything. And they haven’t presented…
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it to me.” He sees “nothing wrong” with deferring the levies. Sen. Susan Collins, R-Maine, wrote Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer Friday to back a 90-day delay because “the response to COVID-19 has now added another layer of pressure as businesses are facing severe cash flow problems” (see 2003300012). The U.S. Chamber of Commerce also came out Wednesday in support of “tariff relief,” saying it would “provide some welcome breathing room for American businesses and consumers.”