Announcement of the Tariff Commission of the State Council on the Tariff Adjustment Plan for 2024 Tax Commission Announcement No. 10, 2023 In order to fully, accurately and comprehensively implement the new development concept, accelerate the construction of a new development pattern, and better perfo...
it stipulates provisions for the Chinese government to impose counter-tariffs on imported goods, codifying these powers into law for the first time. We outline all
U.S. EV sales in 2023 crossed the one-million-unit mark for the first time and increased about 52 percent compared with 2022. Despite the growth, only one in 10 new car registrations in the United States was electric in 2023, against more than one in three in China and over one in f...
“China-US economic and trade cooperation is mutually beneficial in nature. No one will win a trade war or a tariff war,” said Liu Pengyu, a spokesperson for China’s embassy in the U.S. on X. Liu’s post forwarded a Financial Time report that said Trump revealed his plan to imose...
Eventually they will, too, but for now we still settle our trade in dollars. Just as our homes hold Chinese goods, Chinese bank accounts hold trillions of greenbacks. That’s the other side of the trade deficit President Trump hates so much. It’s the same money. What do the Chinese ...
The Office of the U.S. Trade Representative has extended from 30 November 2022 through 28 February 2023 the current exclusions from the Section 301 additional tariffs on imports from mainland China for 81 medical care products needed to address the COVID‑19 pandemic, marking the third time US...
In the lead-up to his election victory, Donald Trump said the EU would "pay a big price" with tariffs for not buying enough U.S. exports and that he planned tariffs of 10% to 20% on all U.S. imports, with higher rates for China. ...
All content and materials discussed herein are for informational purposes only and do not constitute legal advice. You should always independently check the related Code of Federal Regulations (CFR) and, if needed, consult with the applicable Federal Agency (e.g. CBP, USTR) and/or external couns...
for phase two between November 2022 and January 2023, receiving 1,497 submissions from the public.10Since the comment docket closed, there have been no further updates from USTR on the review. USTR told Congress in March 2023 that it would complete the review sometime in the fall...
2021, the USTR initiated another round of public comment to ascertain whether these exclusions should be extended for another six months. On November 16, 2021, following consultation from the public, the USTR announced that the tariff exclusions would be extended for six months, until May 31,...