US locks in steep China tariff hikes, many to start Sept 27
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The Biden administration announced steep tariff hikes on Chinese imports, effective Sept 27, 2024; 100% duty on electric vehicles, 50% on solar cells, and 25% on steel, aluminum, EV batteries, and key minerals; 50% duty on semiconductors starting in 2025; minimal adjustments to tariffs on US$18 billion worth of goods; Lael Brainard emphasized the need for 'tough, targeted' tariffs to counter China's subsidies; China plans retaliation against the tariffs; Vice President Kamala Harris and Donald Trump are courting voters in key states; EU and Canada also announced new tariffs on Chinese EVs; temporary relief for US port operators regarding cranes; increased tariffs on medical supplies delayed to allow shift to non-Chinese suppliers.
#Tariffs #China #BidenAdministration #ElectricVehicles #Semiconductors #TradePolicy #Retaliation #Harris #Trump #EconomicStrategy
https://theedgemalaysia.com/node/726737
The Edge Malaysia /
npub15q…t0mcv
2024-09-13 10:58:17
Author Public Key
npub15q3n6g46fstp0h7wemjzwkh9jy6akndzdzk2sz8q0hwgvz6sfe3srt0mcvPublished at
2024-09-13 10:58:17Event JSON
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"content": "US locks in steep China tariff hikes, many to start Sept 27\n==========\n\nThe Biden administration announced steep tariff hikes on Chinese imports, effective Sept 27, 2024; 100% duty on electric vehicles, 50% on solar cells, and 25% on steel, aluminum, EV batteries, and key minerals; 50% duty on semiconductors starting in 2025; minimal adjustments to tariffs on US$18 billion worth of goods; Lael Brainard emphasized the need for 'tough, targeted' tariffs to counter China's subsidies; China plans retaliation against the tariffs; Vice President Kamala Harris and Donald Trump are courting voters in key states; EU and Canada also announced new tariffs on Chinese EVs; temporary relief for US port operators regarding cranes; increased tariffs on medical supplies delayed to allow shift to non-Chinese suppliers.\n\n#Tariffs #China #BidenAdministration #ElectricVehicles #Semiconductors #TradePolicy #Retaliation #Harris #Trump #EconomicStrategy\n\nhttps://theedgemalaysia.com/node/726737",
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