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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.
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 ...
As you’ve surely seen by now (including here in Capitolism), President Joe Biden announced a slew of new tariffs last week on “strategic” Chinese imports as part of the federal government ...
The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...
USITC, Washington, DC The U.S. International Trade Commission seeks to: Administer U.S. trade remedy laws within its mandate in a fair and objective manner; Provide the President, Office of the United States Trade Representative, and Congress with independent, quality analysis, information, and support on matters of tariffs and international trade and competitiveness; and
A Phase Two agreement was never reached between the US and China under either the Trump or Biden administrations. Biden’s tariffs. Unlike Trump’s pledge to implement widespread tariffs, the ...
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.
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 ...