Washington, D.C.: October 4, 2022 – Today, the Sports & Fitness Industry Association (SFIA) joined 170 trade associations representing American business interests on a letter to U.S. Trade Representative Tai, requesting the renewal of expiring China exclusions and the creation of a robust exclusion process.
The letter shares that more than $155 billion in tariffs have been assessed on Chinese imports since the initiation of Section 301 tariffs. Studies have found the tariffs have not punished China, and the increased cost from it is largely passed on to consumers, adding to U.S. inflation concerns. Considering the supply chain challenges impacting product availability, these punitive tariffs only add to product costs at a time when the U.S. needs to be reducing them. The next major action on Section 301 Tariffs comes in November with many existing tariff exclusions scheduled to expire.
The group asks for an immediate extension of the expiring tariff relief and the opening of a more transparent, comprehensive exclusion process.
Click here to view the letter.
For more information, please contact Bill Sells, SVP Government Relations & Public Affairs, at [email protected].