The U.S. Trade Representative’s office (USTR) announcement that it would take sweeping measures under Section 301 of the Trade Act of 1974, began a process that included taking into account public comments
USTR
The U.S. Trade Representative’s office (USTR) announcement that it would take sweeping measures under Section 301 of the Trade Act of 1974, began a process that included taking into account public comments on its proposed actions.
Details of the proposed measures were unveiled in a February Federal Register notice (see earlier story) and were not greeted kindly by an international shipping industry that has invested heavily in Chinese built tonnage.
On June 6, USTR announced a new public comment process “to consider proposed modifications to certain aspects of Annexes III and IV” of the February Federal Register notice.
The modifications to the Section 301 actions are contained in a new Federal Register notice that does not make for light reading.
There’s not much in the modifications to cause cheering in either Chinese shipyards or the offices of shipowners with largely Chinese-built ships.
As ever the
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