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During his time as vice president (2009–2017), Biden helped organize the Trans-Pacific Partnership (TPP), a planned-but-never-implemented 12-nation trade deal that would have lowered tariffs ...
In May, the Biden administration increased the tariff rate on electric vehicles imported from China from 25 percent to 100 percent. Biden also kept or increased tariff rates on Chinese steel and ...
New U.S. tariffs on $18 billion in Chinese goods take effect Friday as trade tensions intensify between the world’s two largest economies.
A study from the Tax Foundation of Trump's varied tariffs — most of which Biden has kept in place — found that they are set to reduce long-run GDP by 0.21% and cost the economy the equivalent ...
WASHINGTON — President Joe Biden on Tuesday took credit for building a strong economy out of the ruins of the COVID-19 pandemic — just in time for him to turn it over to President-elect Donald ...
May 14: The Biden administration doubled tariffs on solar cells imported from China and more than tripled tariffs on lithium-ion electric vehicle batteries imported from China. [242] It also raised tariffs on imports of Chinese steel, aluminum, and medical equipment. [242] The tariff increases will be phased in over a period of three years. [242]
The cost for each job saved as a result of the administration's tariffs on washing machines was $815,000. [224] Analysis conducted by Deutsche Bank estimated that Trump's trade actions had resulted in foregone American stock market capitalization of $5 trillion through May 2019. [225]
By David Lawder (Reuters) -The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic ...