US Forced To Delay Tariff Hikes on Chinese EVs, Batteries, Tech
==========
The US has postponed a series of tariff hikes on Chinese tech and medical imports, including electric vehicles, batteries, computer chips, and medical products. The US Trade Representative's office is still reviewing feedback and expects to issue a final determination later in the month. President Joe Biden opted to keep tariffs put in place by his predecessor Donald Trump while increasing others, including import duties on Chinese EVs and semiconductor duties. The tariffs are meant to protect American jobs from cheap Chinese imports. The new measures affect $18 billion of imported Chinese goods, including steel, aluminum, semiconductors, electric vehicles, critical minerals, solar cells, and cranes. The largest categories of targeted imports are lithium-ion batteries. The US imported $427 billion in goods from China in 2023 and exported $148 billion to China.
#ChinausTariffs #UsTradeRepresentative #Uschina
https://www.asiafinancial.com/us-forced-to-delay-tariff-hikes-on-chinese-evs-batteries-tech
Asia Financial /
npub1tf…4lkk0
2024-07-31 16:32:30
Author Public Key
npub1tfqzenj4wwscy7hhrs7d9wygkqncl5ywgqlcc32lffwtg5yskruq74lkk0Published at
2024-07-31 16:32:30Event JSON
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"content": "US Forced To Delay Tariff Hikes on Chinese EVs, Batteries, Tech\n==========\n\nThe US has postponed a series of tariff hikes on Chinese tech and medical imports, including electric vehicles, batteries, computer chips, and medical products. The US Trade Representative's office is still reviewing feedback and expects to issue a final determination later in the month. President Joe Biden opted to keep tariffs put in place by his predecessor Donald Trump while increasing others, including import duties on Chinese EVs and semiconductor duties. The tariffs are meant to protect American jobs from cheap Chinese imports. The new measures affect $18 billion of imported Chinese goods, including steel, aluminum, semiconductors, electric vehicles, critical minerals, solar cells, and cranes. The largest categories of targeted imports are lithium-ion batteries. The US imported $427 billion in goods from China in 2023 and exported $148 billion to China.\n\n#ChinausTariffs #UsTradeRepresentative #Uschina\n\nhttps://www.asiafinancial.com/us-forced-to-delay-tariff-hikes-on-chinese-evs-batteries-tech",
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