The move, which Biden and his aides had telegraphed in remarks earlier this spring, was promptly condemned by leading trade groups, including those representing the U.S. tech industry and large importing corporations. But they barely elicited a peep from free traders in Congress, a dwindling population in recent years. That used to be a mainstream … Read More
A global trade war is starting, and China is at the center of it. A reckoning for Beijing’s economic model, which is designed to promote Chinese industry at the expense of the rest of the world, has long been coming. China’s trading partners have had enough. The result will be a wave of protectionism, with potentially … Read More
The decision reflects deep concern within the American automotive industry, which has grown increasingly worried about China’s ability to churn out cheap electric vehicles. American automakers welcomed the decision by the Biden administration on Tuesday to impose a 100 percent tariff on electric vehicles from China, saying those vehicles would undercut billions of dollars of … Read More
A US soybean trade group is pushing for higher levies on Chinese used cooking oil that it says is undercutting American crops used for biofuels. A group that represents the biggest US soybean processors, including Cargill Inc., Bunge Global SA and Archer-Daniels-Midland Co., wants the levies to be higher than the current 15.5% rate, according to a notice the National … Read More
Donald Trump famously and proudly declared himself Tariff Man during his presidency, and in his 2024 campaign has promised more import taxes if he is elected. But this week — if all goes as expected — President Joe Biden is seizing the moniker. Biden’s anticipated refocusing of Trump tariffs first rolled out in 2018 to … Read More
A sweeping White House action to raise tariffs on China as early as this week “reflects lessons learned” about the behavior of the country, according to a former official who helped lead the government’s review of what duties should be imposed. China is “not competing, they’re cheating,” Biden said in announcing that plan, “and we’ve seen … Read More
The Biden administration has decided to keep those Trump tariffs in place — and in addition, add a range of strategic items to the list. The decision was first reported by Bloomberg. The new items that will be subject to tariffs align with Biden’s policy priorities on climate, technology and manufacturing, the source said. These … Read More
The U.S. auto industry and regulators are worried that if Chinese EVs reach the States, domestic makes won’t be able to compete. The Biden administration however has reportedly reached what it considers a solution: A full 100-percent import tariff on Chinese EVs. The existing tariff has been effective so far at keeping Chinese brands such … Read More
The expected moves are part of the administration’s broader strategy to protect the U.S. against supply shortages seen during the COVID pandemic that left hospitals scrambling to find critical equipment, the sources said. Imports of syringes from China peaked at $348 million in 2021, but have declined since to about $167 million last year, according … Read More
The Biden administration announced a new round of tariffs on imports of steel and aluminum from mainland China, including a more than three-fold increase in the Section 301 tariff rate for Chinese steel imports. Chinese steel exports are roughly 10% of the world’s production, leading to a challenge for other markets to absorb its surging … Read More
