A new set of tariff increases on Chinese goods that was set to take effect on Aug. 1 has been delayed by the Biden Administration.
The Office of the U.S. Trade Representative has posted no press release and no mention of the delay was made by the White House. Word has spread among commercial trade groups monitoring the tariffs that they mysteriously disappeared.
The Trade Representative’s office is re-reviewing the proposed tariffs on Chinese imports such as electric vehicles, batteries, computer chips, and some medical supplies and will come up with a new decision about a new start date later this month.
Then, the tariffs will take at least two weeks to take effect after the new determination is released, which will likely be after the Democratic National Convention, when Kamala Harris will accept the nomination for president.
In May, President Joe Biden quadrupled the import duties on Chinese electric vehicles to over 100% and increased duties on semiconductors by over 200%. The start date was Aug. 1.
China just needed a little more time to be free of export tariffs to settle up with Joe and Hunters grifting in China during King Obama’s reign with his approval of course. Three peas in a pod.