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In revising the so-called "Section 301 tariffs," the Biden administration has zeroed in on industries that it says are of strategic competitive and national security areas, one of the people said.
Adjustments to the punitive "Section 301" tariffs on $18 billion worth of goods announced in May by President Joe Biden were minimal and disregarded auto industry pleas for lower tariffs on ...
In response, the Ministry of Commerce of the People's Republic of China announced plans to implement its own tariffs on 128 U.S. products. 120 of those products, such as fruit and wine, will be taxed at a 15% duty while the remaining eight products, including pork, will receive a 25% tariff. [130] [131] China implemented their tariffs on April ...
Section 301 of the U.S. Trade Act of 1974 (Pub. L. 93–618, 19 U.S.C. § 2411, last amended March 23, 2018 [1]) authorizes the President to take all appropriate action, including tariff-based and non-tariff-based retaliation, to obtain the removal of any act, policy, or practice of a foreign government that violates an international trade agreement or is unjustified, unreasonable, or ...
The business community has repeatedly documented how Section 301 tariffs disproportionately harm U.S. businesses, manufacturers, workers, and consumers, and have failed to motivate China's leaders ...
The announcement will also quadruple tariffs on EVs from China, according to a Wall Street Journal report. That move could raise the tariff rate to roughly 100% from its current level of 25%.
In 2018 and 2019, Trump imposed an additional 25 percent tariff on Chinese solar products as part of his broader “Section 301” tariffs on about $300 billion in annual imports.
But Biden and his team will still need to wrestle with the trade issue in the coming weeks before an end-of-year deadline to complete a four-year review of the so-called Section 301 tariffs that ...