More Goods Should Be Removed From Section 301 Tariffs, USCIB Argues
The United States Council for International Business, in comments submitted to the Office of the U.S. Trade Representative, is arguing that nearly 100 tariff lines should be spared Section 301 tariffs because those imports help to respond to the COVID-19 pandemic. The tariffs include ventilator, anesthesia, X-ray, patient monitoring, ultrasound, MRI and computer tomography systems and electrical parts used in all of those systems. But they also include general IT equipment, such as computers, monitors, printers, scanners, 3D printers and computer accessories.
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“Rather than creating more opportunities for U.S. business, sweeping tariffs restrict U.S. agriculture, goods, and services exports and raise costs for businesses and consumers,” said USCIB Senior Director for Investment, Trade and Financial Services Eva Hampl. “The economic crisis caused by the COVID-19 pandemic has amplified the negative impacts of the tariffs on companies’ supply chains and the U.S. economy.”