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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 ...
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 ...
Former President Donald Trump is floating a 10% tariff on all imports and 60% on Chinese imports, while Vice President Harris is expected to continue Biden's approach with targeted, selective tariffs.
The Trump administration's tariffs were panned by the majority of economists and analysts, with general consensus among experts—including U.S. Director of the National Economic Council Larry Kudlow—being that the tariffs either had no direct benefits on the U.S. economy and GDP growth or they had a small to moderately negative impact on the ...
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]
Biden’s predecessor, former President Donald Trump, enacted a sweeping tariff program on $300 billion in Chinese imports during his administration, drawing authority from a provision in US trade ...
When the Biden administration inherited Trump's trade war, it promised more competent management—but delivered a continuation of the status quo as tariffs slowed America's response to the COVID ...