Importers paid $45 billion in US tariffs on China tech imports: Industry report

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WASHINGTON - Importers of technology products from China paid more than US$32 billion worth ofThe report comes as the Biden administration continues to deliberate over whether to remove some duties.

The Consumer Technology Association said in the report that the tech industry has reduced its dependence on China in the wake of the tariffs, but this has been offset by increased imports from Vietnam, Taiwan, South Korea, Malaysia and other markets.

Total"Section 301" tariffs paid on Chinese goods through July 13 totalled US$145.43 billion, according to Customs and Border Protection data.the Biden administration is trying to determine whether to remove some of the tariffs Mr Ed Brzytwa, the association's vice-president of international trade, said the tariffs were hurting US businesses, not solving China trade challenges.

The association's review of import trends since the tariffs were first imposed in phases in mid-2018 show that imports of Chinese tech goods hit by Section 301 tariffs fell by 39 per cent over the next three and a half years, while those not affected grew by 35 per cent.

 

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