The hope for the Trump administration, of course, is that US factories will start churning again, replacing Chinese imports with goods Made in the USA. That will happen to some extent, but nowhere near now much the administration hopes. The NRF, in a study, concluded that a tariff o...
"New tariffs on steel, aluminum, and Chinese imports, as well as the potential for additional tariffs on autos and auto parts, have pushed us to the brink of a global trade war," the U.S. Chamber of Commerce, the largest business group in the country, said in a new study. "Canada,...
China's commerce ministry said on Friday that it may impose additional tariffs on up to $3 billion of U.S. imports in response to U.S. tariffs on Chinese steel and aluminum products. The ministry said it was considering implementing measures in two stages: first, a 15 percent tariff on ...
Tariff Update: New Tariffs on Steel & Aluminum Products ByPoint To Pointon February, 3 2020 Topics:InternationalTariffs In a Presidential Proclamationpublishedon January 29, President Trump announced that additional Section 232 tariffs of 25 percent on steel and 10 percent on aluminum are being appli...
The US Trade Representative (USTR) Katherine Tai under currentPresident Joe Biden increased tariffs on Chinese imports under Section 301, with the tariff rate on certain steel and aluminium products increasing from 0-7.5% to 25% in 2024.
The US has, for domestic political reasons, abused the Section 301 tariff review process by further increasing tariffs on some Chinese products, politicizing and weaponizing trade issues, the Chinese ministry's spokesperson said in an online statement. "This is a clear example of political manipula...
President Biden also directed USTR to "work with Mexico to jointly prevent China's and other countries' evasion of tariffs on steel and aluminum that is imported from Mexico into the United States." As the United States has raised tariffs on Chinese steel and aluminum relative to tariff...
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there had been a total of 51,345 steel and aluminum tariff exclusion requests filed by 905 firms in 303 congressional districts across 46 states plus Puerto Rico. Of these filings, 45,328 exclusion requests ask for an exemption from the steel tariffs, and steel manufacturers have...
EU Reported to Mull Anti-Subsidy Probe that Could Result in New Chinese Steel Tariff BEIJING, October 11 (TiPost)— The European Union was reported to mull another anti-subsidy investigation targeting China following one that threatens growth of the trillion-dollar electric vehicle (EV) industry.C...