Rolling back tariffs on imports from China, a holdover from Donald Trump, could have eased inflation and supply chain woes of the U.S. that would perforce bite American consumers and importers; the U.S. President Joe Biden seems much too cautious to do so over fear of political backlash fr...
New China Tariffs on Electric Vehicles (EVs), Solar cells, Steel, Aluminum, Semiconductors, Advanced batteries, Critical minerals, Solar and medical products have been announced by U.S. President Biden.
On May 14, U.S. President Joe Biden announced new tariffs on a variety of imports from China, including EVs, in addition to existing tariffs under Section 301. The additional levy will raise tariffs on Chinese EV imports to 100 percent this year. Last October, the European Commission launche...
WASHINGTON, April 29 (Xinhua) -- The U.S.-China Business Council (USCBC) urged President Joe Biden's administration to ease tariffs on Chinese goods as the U.S. economy registered a quarterly decline of 1.4 percent, fueling concerns about a future recession amid sustained inflation pressures. ...
Will these factors prompt the US to lift the tariffs on Chinese goods to curb inflation? Indeed, the Biden administration is making efforts to bring inflation down, particularly before the midterm elections in November. The ...
Biden is directing the tariff on solar cell imports from China to double to 50%. Tariff rates on certain steel and aluminum products will more than triple to 25%, up from 7.5% or less. The Biden administration is also doubling tariffs on Chinese semiconductors from 25% to 50% and increasi...
For the United States, the decision to impose a universal 100-percent tariff on all Chinese EVs does not belong to a larger plan to develop the U.S. EV industry. Quite the opposite: Although the Biden administration claims that the EV tariffs aim to support the American EV industry, the ...
Biden is directing the tariff on solar cell imports from China to double to 50%. Tariff rates on certain steel and aluminum products will more than triple to 25%, up from 7.5% or less. The Biden administration is also doubling tariffs on Chinese semiconductors from 25% to 50% and increasi...
“In fact, I was surprised when they (the Biden administration) announced (the tariffs). Tesla competes quite well in the market in China with no tariffs and no deferential support. So, in general, I'm in favor of no tariffs,“ said Elon Musk in response to a question on how he view...