The new China-US trade tariffs, also called the Trump Tariffs, are officially called Section 301 Duties.The first Section 301 list was published on July 6th. Tariff List 1 assessed a 25% duty rate on $34 billion dollars worth of goods being imported from China....
has some US clients that have accepted the tariffs, while others have requested the company move production to Taiwan, which would increase time and costs. The firm will in July begin to move some of its mainland China production to its existing...
EUROPEAN capital goods companies are starting to show the strain of the United States’ trade conflicts with China and other countries, as tariffs push up costs for machine parts and raw materials and threaten to worsen supply bottlenecks.
The fractious trade war between the US and China has entered a new phase with President Biden effectively quadrupling tariffs from 25% to 100% on Chinese made electric vehicles (EVs). In addition, levies on lithium-ion EV batteries have jumped from 7.5% to 25% and have doubled from 25% ...
BEIJING — The United States and China went ahead with tariff hikes on billions of dollars of each other’s automobiles, factory machinery and other goods Thursday in…
This follows the $50B in tariffs announced in June, and the subsequent $34B in retaliatory tariffs announced by China. While the new list includes many manufactured products such as water boilers and airplane tires, it also includes a number of raw commodities, including cotton, steel, aluminum...
China is fighting back with its own fresh tariffs on the 16 billion US dollars worth of additional imports from the U.S., in response to the new round of 16 billion dollars worth of tariffs imposed by the US on China. Meanwhile, mid-level officials from China are wrapping up trade negot...
Is China yielding to the pressure from Donald Trump's trade war? Absolutely not. The CIIE mascot is on display at a subway station in Shanghai. /VCG Photo China's tariff cuts and the CIIE were planned before Trump's unilateral tariffs on Chinese products. The US, given China's re...
US tariffs that come into effect on Friday on $34bn of goods produced in China are just the first step in a long strategy meant to untangle the US manufacturing supply chain from the country that is increasingly seen as ageopolitical rival. Thetariffsare designed not to affect consumer goods...
China could respond to aggressive new tariffs with bigger stimulus action or currency depreciation, say analysts November 6 2024 News in-depthUS foreign policy Asia braces for steep China tariffs in second Trump term Former president has outlined plans to revive trade war with Beijing and questioned...