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ITI Outlines Economic Harm of Section 301 tariffs on Chinese Goods in New Testimony

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WASHINGTON – Today, global tech trade association ITI’s Vice President for Policy, Asia Naomi Wilson underscored the tech industry’s call to completely rescind the Section 301 tariffs on Chinese goods. In testimony before the U.S. International Trade Commission, Wilson outlined the economic harms caused by the policy and urge the Biden Administration to remove the costly tariffs, put in place by the Trump Administration. Tariffs have raised prices for consumers, harmed U.S. business operations and negatively impacted the U.S. economy.

“Our primary recommendation for the U.S. Trade Representative (USTR) continues to be the complete rollback of 301 tariffs currently in place, which have cost U.S. companies and consumers $140 billion and counting,” Wilson said in her testimony. “This view is bolstered by the fact that USTR’s selection of items subject to tariffs has been neither strategic nor targeted to minimize harm to U.S. companies and consumers, as USTR initially contended. Instead, the imposition of billions of dollars in tariffs without an end point in sight, and a concerning lack of transparent processes and adjudication of industry concerns, have only harmed U.S. interests and bred uncertainty that will continue to damage the U.S. economy if left unchecked. We reiterate ITI’s position that the Administration should remove entirely legacy 301 tariffs that raise prices and harm U.S. operations; instead, the Administration should double down on efforts to develop a comprehensive, strategic, and coalition-based approach to China policy that benefits U.S. workers and the broader U.S. economy.”

This month, ITI’s President & CEO Jason Oxman urged the Biden Administration to rescind the harmful Section 301 tariffs. In May 2022, Wilson reacted to Secretary Blinken’s speech outlining the Biden Administration’s approach to U.S.-China trade policy, including Section 301 tariffs.

Read Wilson’s testimony here and watch the hearing here.