Peisch, US Trade Representative: Review Of US-China Tariffs Will Take 'Months'
On Wednesday, the United States Trade Representative General Counsel Greta Peisch said at an event hosted by Georgetown University’s law school that there is urgency to undertake the analysis of the Trump-era taxes on Chinese goods as soon as possible.
However, Peisch acknowledged that the analysis would take months, according to the Bloomberg reports.
Important Quotes
"We would like to undertake analysis as early as possible."
In part, it will be operated by the huge responses that we are receiving and undergoing of all these responses, we make sure that we really have a good process to consider. Given that, it’s probably going to take months, but again, we would like to complete it as soon as possible.
The US analysis of the taxes is more than $300 billion dollars in Chinese imports, which is required because the four-year anniversary of the responsibilities will most likely take months.
The Market Reaction
The AUD/USD currency pair is moving back surprisingly on the downside in the Australian Q1 Private Capex data and the pair is trading at 0.7079, falling by 0.19% in a day.
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