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President Joe Biden has kept those tariffs in place and, after the USTR finished a multiyear review earlier this year, decided to increase some of the rates on about $15 billion of Chinese imports.
Donald Trump came to Washington eight years ago vowing to rewrite U.S. trade relationships, shrink a massive goods trade deficit and rebuild America's industrial base with new tariffs. The ...
Meanwhile, President Joe Biden – who has kept most of Trump’s tariffs in place for the past three-plus years – said Tuesday that his administration will increase tariffs on some Chinese ...
The legal basis cited in Trump's tariff order is Section 232 of the Trade Expansion Act of 1962 which under certain circumstances allows the president to impose tariffs based on the recommendation from the U.S. Secretary of Commerce if "an article is being imported into the United States in such quantities or under such circumstances as to ...
President-elect Donald Trump has vowed ... which President Joe Biden continued. ... the CBO assumed a uniform tariff of 10% and a China tariff of 60%. It estimated that the increase in revenue ...
Biden administration officials looked at removing Trump’s tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly.
The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world's second largest economy.
Biden’s administration proposed restricting the tax waiver for goods subject to U.S.-China tariffs, and Trump is expected to move forward with such restrictions, analysts said.