Politics

Biden hikes US tariffs on Chinese imports May 14, 2024 02:16PM

(Reuters) -U.S. President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products.

Following are reactions to the move.

AMERICANS FOR FREE TRADE, A COALITION OF BUSINESS ASSOCIATIONS THAT OPPOSE TARIFFS

"Throughout this process, USTR received hundreds of comments from businesses large and small that have been negatively... (continue reading...)

Biden administration announces increased tariffs on host of Chinese imports May 14, 2024 10:14AM

Investing.com -- The Biden administration has announced that it will increase tariffs on $18 billion worth of Chinese imports, including electric vehicle batteries, semiconductors wafers, and some steel and aluminium products.

According to Reuters, the U.S. Trade Representative's Office anticipates that the hikes will come into effect in approximately 90 days.

In a call with reporters cited by Reuters, Biden economic adviser Lael Brainard accused China of "using the... (continue reading...)

Biden Imposes Sweeping Tariffs on Chinese Chips, Minerals, EVs - Bloomberg May 14, 2024 06:19AM (Updated - May 14, 2024 6:19 AM EDT)

Biden Imposes Sweeping Tariffs on Chinese Chips, Minerals, EVs - Bloomberg

• President Joe Biden is hiking tariffs on a wide range of Chinese imports such as semiconductors, batteries, solar cells, and critical minerals.
• The US will also raise levies on port cranes and medical products.
• The new laws are projected to affect ~$18B in annual imports.
• None of tariffs imposed by Donald Trump are reduced.

Biden Remains Determined To Make Sure US Steel (X) Remains In American Hands, White House Says May 9, 2024 11:54AM

Biden Remains Determined To Make Sure US Steel (X) Remains In American Hands, White House Says

Chinese companies hit with US trade restrictions over spy balloon incident May 9, 2024 11:51AM

By Alexandra Alper and Karen Freifeld

WASHINGTON (Reuters) -The Biden administration added 37 Chinese entities to a trade restriction list on Thursday, including some for allegedly supporting the spy balloon that flew over the United States last year, heightening tensions between Beijing and Washington.

The Commerce Department also said it was adding some units of China Electronics Technology Group to the list for allegedly trying to obtain... (continue reading...)