ITI: Biden Administration’s Section 301 Tariffs Hike Will Harm U.S. Competitiveness
WASHINGTON – Today, global tech trade association ITI released the following statement from its President and CEO Jason Oxman reacting to the Office of the United States Trade Representative’s review and expansion of Section 301 tariffs:
“Today’s announcement from the Biden Administration disregards significant stakeholder input and fails to address the top concerns raised by affected industries, including tech. The business community has repeatedly documented how Section 301 tariffs disproportionately harm U.S. businesses, manufacturers, workers, and consumers, and have failed to motivate China’s leaders to change their unfair trade practices. The expansion and significant increase of Section 301 tariffs will continue to strain Americans’ wallets, exacerbate the effects of global inflation by raising the price of goods, and harm U.S. global leadership. Before finalizing these proposed tariff increases, the administration must provide stakeholders a meaningful opportunity to comment and reopen a comprehensive, fair, and transparent exclusion process for all products covered by the Section 301 tariffs.”