Sept. 2, 2022, 8:12 PM
The Biden administration will allow Trump-era tariffs on hundreds of billions of dollars of Chinese merchandise imports to continue while it reviews the need for the duties.
The tariffs will continue after the administration received a formal request from businesses benefiting from them, the Office of the US Trade Representative said in a statement Friday. It opened the window for comments in May, and got hundreds of requests for them to remain.
The S&P 500 Index touched a session low after the report.
US law states that the tariffs automatically expire four years after they were imposed, unless the …
