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 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
Mexican authorities assert that the federal government has the duty to implement the necessary mechanisms to generate stability in domestic industry sectors and provide for the elimination of trade distortions, in an effort to safeguard the balance of the global market in accordance with international law and Mexico’s international commitments. The authorities add that, as … Read More
The United States imported some $4.4 billion worth of wooden cabinets, vanities and their components from China in 2018. The U.S. Commerce Department on Feb. 24 imposed anti-dumping duties of up to 262.2% and anti-subsidy duties of up to 293.5% in an investigation that started last year with a petition from the American Kitchen Cabinet … Read More
