US Delays Tariff Hit In Hopes Of Resolving Digital Tax Fight
By Alex Lawson (June 2, 2021, 11:51 AM EDT) -- The Biden administration finalized tariffs on more than $2 billion worth of consumer goods from six countries Wednesday as retaliation for new digital services taxes, but suspended the levies for six months as global tax negotiations trudge on.
Katherine Tai, the U.S. trade representative, said that a six-month delay in imposing trade tariffs on six countries would allow time for global talks led by the Organization for Economic Cooperation and Development "to continue to make progress." (AP Photo/Susan Walsh) After days of hearings that saw retailers and importers rail against the proposed levies on goods from Austria, India, Italy, Spain, Turkey and the...
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