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New U.S. tariffs on $18 billion in Chinese goods take effect Friday as trade tensions intensify between the world’s two largest economies.
The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD), [1] World Trade Organization, [2] and World Bank. [ 3 ] UNCTAD indicators are based on MFN (Most Favoured Nation) and effectively applied import tariff rates for major categories of non-agricultural and non-fuel ...
WASHINGTON (Reuters) -Some of the steep U.S. tariff increases on an array of Chinese imports, including electric vehicles and their batteries, computer chips and medical products, will take effect ...
The Tariff Law, which was approved by China's top legislature after three rounds of deliberations going back to 2022, is the latest addition to Beijing's arsenal of trade defence instruments as it ...
The long-awaited tariff update comes after a number of lawmakers have called for massive hikes on Chinese vehicle tariffs. There are relatively few Chinese-made light duty vehicles being imported now.
[110] [111] [112] China's Commerce Ministry accused the United States of launching a trade war and said China would respond in kind with similar tariffs for US imports, starting on July 6. [113] Three days later, the White House declared that the United States would impose additional 10% tariffs on another $200 billion worth of Chinese imports ...
The U.S. Trade Representative's said that many of the tariffs, including a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals, would go into ...
The business community has repeatedly documented how Section 301 tariffs disproportionately harm U.S. businesses, manufacturers, workers, and consumers, and have failed to motivate China's leaders ...