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WASHINGTON/SAN FRANCISCO (Reuters) -U.S. President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major hike in levies on electric ...
Tariffs have already been on the minds of retailers as the 2024 election looms. Former President Donald Trump is floating a 10% tariff on all imports and 60% on Chinese imports, while Vice ...
New U.S. tariffs on $18 billion in Chinese goods take effect Friday as trade tensions intensify between the world’s two largest economies.
President Joe Biden is increasing tariffs on $18 billion in Chinese imports across a handful of sectors deemed strategic to national security – an attempt to cripple Beijing’s development of ...
These new muscular tariffs from Biden still are a contrast with what is promised by his White House challenger. Trump is proposing historically high new tariffs , including a 60% tariff on imports ...
The tariff rate will go up to 100% on electric vehicles, to 50% on solar cells and to 25% on electrical vehicle batteries, critical minerals, steel, aluminum, face masks and ship-to-shore cranes ...
Dryers, which weren’t under the tariff, went up by about the same amount. Overall, the tariff increased costs to consumers by an estimated $1.5 billion annually.
Under the most optimistic outcome, Trump’s tariffs would generate as much as $2.5 trillion over 10 years, according to an estimate by the pro-business Tax Foundation.