Newsweek on Nostr: China tariffs: US deals trade blow to world's No. 2 economy ========== The U.S. ...
China tariffs: US deals trade blow to world's No. 2 economy
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The U.S. implemented steep tariff hikes on Chinese goods effective September 27, 2024; tariffs on solar cells, semiconductors, and medical supplies increased from 25% to 50%; lithium-ion battery tariffs rose from 7.5% to 25%; electric vehicle tariffs quadrupled from 25% to 100%; the Biden administration upheld $300 billion worth of tariffs from the Trump era after a four-year review; U.S. Trade Representative Katherine Tai stated the tariffs target harmful Chinese policies; China condemned the tariffs as unilateralism and protectionism; Liu Pengyu from the Chinese embassy cited a WTO ruling against Trump's tariffs; China's retaliatory tariffs on $185 billion of U.S. products had minimal impact; trade tensions escalated with the EU also imposing tariffs on Chinese goods; major Chinese automakers face tariffs of up to 36.3%; China initiated antidumping investigations against U.S. and Canadian products.
#Tariffs #China #Us #Trade #Biden #Economy #Semiconductors #ElectricVehicles #Wto #Retaliation
https://www.newsweek.com/china-tariffs-us-deals-trade-blow-worlds-no-2-economy-1959792
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The U.S. implemented steep tariff hikes on Chinese goods effective September 27, 2024; tariffs on solar cells, semiconductors, and medical supplies increased from 25% to 50%; lithium-ion battery tariffs rose from 7.5% to 25%; electric vehicle tariffs quadrupled from 25% to 100%; the Biden administration upheld $300 billion worth of tariffs from the Trump era after a four-year review; U.S. Trade Representative Katherine Tai stated the tariffs target harmful Chinese policies; China condemned the tariffs as unilateralism and protectionism; Liu Pengyu from the Chinese embassy cited a WTO ruling against Trump's tariffs; China's retaliatory tariffs on $185 billion of U.S. products had minimal impact; trade tensions escalated with the EU also imposing tariffs on Chinese goods; major Chinese automakers face tariffs of up to 36.3%; China initiated antidumping investigations against U.S. and Canadian products.
#Tariffs #China #Us #Trade #Biden #Economy #Semiconductors #ElectricVehicles #Wto #Retaliation
https://www.newsweek.com/china-tariffs-us-deals-trade-blow-worlds-no-2-economy-1959792