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USTR left unchanged the tariff increase to 25% from zero on lithium-ion batteries, minerals and components, with the increase for batteries for EVs taking effect Sept. 27 and those for all other ...
In contrast, Canada, a long-time ally of the US, slapped retaliatory tariffs of 25% on C$155 billion ($105.17 billion) of U.S. goods. The Phase 1 trade deal Trump signed with Beijing in 2020 ended ...
China’s exports to the United States surged in the last month of 2024 as traders rushed to beat new tariffs that President-elect Donald Trump has vowed to impose as soon as he takes office on ...
An economic conflict between China and the United States has been ongoing since January 2018, when U.S. president Donald Trump began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are longstanding unfair trade practices and intellectual property theft. [1]
President Joe Biden has kept those tariffs in place and, after the USTR finished a multiyear review earlier this year, decided to increase some of the rates on about $15 billion of Chinese imports.
The Ministry of Commerce of China condemned the tariffs, announced China would file a legal case against the US in the World Trade Organization, and said China "will take corresponding countermeasures to firmly safeguard its rights and interests". [49] The Ministry of Foreign Affairs released a statement saying "Fentanyl is America's problem". [50]
Whereas national security reasons were cited for the tariffs, it has been noted that tariffs primarily harm American allies, not enemies; the United States imports very little steel and aluminum from China directly. [102] Trade experts furthermore noted that the United States already produces more than two-thirds of its own steel. [100]
President Joe Biden will announce Tuesday that his administration is raising tariffs on $18 billion of Chinese exports, including electric vehicles, as the White House tries to fight what it says ...