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New U.S. tariffs on $18 billion in Chinese goods take effect Friday as trade tensions intensify between the world’s two largest economies.
Vice President Kamala Harris called former President Donald Trump's tariff proposals "a sales tax on the American people," in an interview with MSNBC’s Stephanie Ruhle.
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 ...
The Biden-Harris tariffs include a new 25% levy on Chinese-made ship-to-shore cranes, a China-dominated sector with no U.S. producers. The Port of New York and New Jersey said it has eight cranes ...
The tariff increases will be phased in over a period of three years. [244] September 13: The Biden administration finalized the increases of tariffs on Chinese exports. Tariffs increased to 100% on electric vehicles, 50% on solar cells and 25% on electric vehicle batteries, critical minerals, steel, and aluminum.
Trump calls tariffs "the most beautiful word in the dictionary" and has even floated things like 2,000% tariffs on autos and said his aim in some areas is to implement "the highest tariff in history."
President Joe Biden announces increased tariffs on Chinese products to promote American investments and jobs in the Rose Garden of the White House on May 14, 2024, in Washington, D.C. (Win McNamee ...
As shown in the chart below, Biden’s new tariffs will apply to semiconductors, ship-to-shore cranes and three other types of products—metals, “green” technologies (finished goods like ...