May 26, 2022 - 12:29 PM 259 views
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.
"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.