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
The FDA is often forced to wrestle with allowing imports of pharmaceuticals from labs that have demonstrated poor manufacturing practices or restrict them until the labs clean up their act. For the most part, the FDA will err on the side of supply over safety, especially in instances where the drugs made at labs with … Read More
Today U.S. Senator Sherrod Brown (D-OH) led colleagues in calling on the president to maintain Section 301 tariffs, which are currently under interagency review by the Biden Administration. The U.S. imposed Section 301 in 2018, Section 301 tariffs were instituted by the Trump Administration, following an investigation by the United States Trade Representative, to combat … Read More
North American graphite miners are lobbying the US government to impose a 25% tariff on three graphite products sourced from China in order to counter Beijing’s monopoly on a key material used in automobile batteries. If successful, the move will pit the miners against their main customers- the original equipment manufacturers (OEMs) and add to … Read More
Tariff hikes, levying 5 to 50 percent in additional import costs, have kicked in for 544 products entering Mexico. The higher rates only apply to countries without free trade pacts with the Latin American country, which includes China – its second-largest trading partner and a growing source of shipments over the last two years. “[The … Read More
The new tariffs, seen as a response to US concern about Chinese steel and other goods entering the North American country, will also be imposed on aluminum, textiles, and plastics. Once in force, the tariffs could reduce Mexican imports by $6 billion to $7 billion, said Rodrigo Mariscal, head of the Economic Planning unit at the … Read More
The U.S. and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the Southeast Asian nation, a key supplier of the metal that’s crucial for electric vehicle batteries. One measure under consideration is a trilateral arrangement through which the Philippines would supply raw nickel material, the U.S. would provide financing, and a … Read More
