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The probe is being conducted under Section 301 of the Trade Act of 1974, the same unfair trade practices statute Trump invoked to impose tariffs of up to 25% on some $370 billion worth of Chinese ...
May 13, 2024 at 3:00 AM. By Ellen Zhang, Sarah Wu. ... In December, the United States Trade Representative announced a further extension of China-related "Section 301" tariff exclusions until May 31.
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 ...
May 14, 2024 at 4:15 PM (Reuters) -U.S. President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports, including electric vehicle (EV) batteries, computer chips and ...
In May 2024, 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. [41] He also raised tariffs on imports of Chinese steel, aluminum, and medical equipment. [41] The tariff increases will be phased in over a period of three years. [41]
The Special 301 Report is prepared annually by the Office of the United States Trade Representative (USTR) that identifies trade barriers to United States companies and products due to the intellectual property laws, such as copyright, patents and trademarks, in other countries. By April 30 of each year, the USTR must identify countries which ...
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.
Trade Act of 1974; Long title: An Act to promote the development of an open, nondiscriminatory, and fair world economic system, to stimulate fair and free competition between the United States and foreign nations, to foster the economic growth of, and full employment in, the United States, and for other purposes.