The USTR said it may continue to consider further extensions or modifications “as appropriate”.
With inflation surging to the highest level in decades, US President Joe Biden has been under pressure to end the so-called Section 301 tariffs.
A pulse oximeter is attached to a patient’s finger to monitor oxygen intake within the body. Photo: Reuters
These came as trade tensions between the United States and China escalated when then-president Donald Trump imposed tariffs on US$350 billion worth of Chinese goods, alleging unfair trade practices and theft of US technology and intellectual property.
Washington and Beijing signed a phase one trade agreement in January 2020, under which China pledged to boost its purchases of American products and services by at least US$200 billion over 2020 and 2021, but the target was not met amid the Covid-19 pandemic.
