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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.
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 ...
The Biden administration said Friday that it has finalized tariff hikes on certain Chinese-made products that the president first announced in May.. The tariff rate will go up to 100% on electric ...
The long-awaited tariff update comes after a number of lawmakers have called for massive hikes on Chinese vehicle tariffs. There are relatively few Chinese-made light duty vehicles being imported now.
The tariff increases will be phased in over a period of three years. [242] 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.
That move could raise the tariff rate to roughly 100% from its current level of 25%. President Joe Biden gestures Thursday as he makes his way to board Air Force One before heading to the West ...
The Biden administration will double tariffs on Chinese-made solar products just weeks before the end of President Joe Biden's term, citing reported cyber theft and industrial espionage concerns.
These new muscular tariffs from Biden still are a contrast with what is promised by his White House challenger. Trump is proposing historically high new tariffs , including a 60% tariff on imports ...