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
Heavily subsidized Chinese products such as electric vehicles and steel are flooding Europe, and said the world cannot absorb China’s surplus production. The EU is becoming tougher on trade relations with China, echoing US concerns about state-fueled overcapacity in green industry. The rhetorical shift was already put into practice when the EU launched an investigation … Read More
These tariffs are not the only ones expected to hit solar panel imports this year. The Biden administration is expected to end an exemption for bifacial solar panels, which are primarily produced in China, imposing another 14.25% tariff on those modules. And a new petition asks Commerce to impose additional AD/CVD tariffs on modules from … Read More
The U.S. Department of Commerce plans to impose 2.42 percent anti-dumping tariff on aluminum extrusion produced by Shinyang Metal and 43.56 percent on other firms that have not responded to its investigation, according to the Ministry of Trade, Industry and Energy. The U.S. department set anti-dumping tariffs of up to 376.85 percent and 82.03 percent … Read More
