Peterson, Walorski Introduce Bill to Extend China Tariff Exclusions
July 17, 2020
WASHINGTON– U.S. Reps. Collin Peterson (D-Minn.) and Jackie Walorski (R-Ind.) today introduced bipartisan legislation to provide American businesses another year of relief from Section 301 tariffs by extending product exclusions currently in effect.
“Minnesota manufacturers have been weathering all sorts of disruptions to their business over the past year,” Rep. Peterson said. “We need to do all we can to offer them some flexibility to stay competitive with foreign manufacturers. Renewing these exclusions will put manufacturers in a better position to continue to recover and rebuild by extending needed tariff relief.”
“China has a long record of unfair trade practices, and we need to continue holding them accountable while at the same time protecting American farmers, manufacturers, workers, and families,” Rep. Walorski said. “The product exclusion process has brought much-needed relief to those paying the cost of tariffs, but many U.S. companies will face serious economic harm if their exclusions are not renewed before they expire. Extending these exclusions for another year is a commonsense way to provide businesses with the long-term certainty they need, especially during the coronavirus crisis.”
Peterson and Walorski’s bill would extend for one year any Section 301 tariff product exclusions currently in effect, unless the U.S. Trade Representative (USTR) finds the product is strategically important or related to “Made in China 2025” or other Chinese industrial programs and extending the exclusion would cause severe harm to the United States. In such cases, USTR would be required to provide detailed justification of the determination.