Chinese-built container cranes dominate the global port market, with ZPMC controlling a market share of 80%-plus for the past 20 years, and terminal managers are said to be increasingly concerned about new equipment procurement, given the lack of manufacturing capacity elsewhere in the world. Amid concerns among US security analysts that some China-manufactured cranes might … Read More
“I don’t believe that American consumers will see any meaningful increase in the prices that they face,” Secretary Yellen said Tuesday in an interview on the PBS NewsHour. Yellen also highlighted the importance of the Section 301 China tariffs to protect American manufacturers and workers. “It’s very important to protect our workers and our firms … Read More
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
