Feedback | Thursday, September 19, 2024

September 14, 2024 1:37 PM

US locks in steep China tariff hikes, some industries warn of disruptions

The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to boost protections for strategic industries from China's state-driven industrial practices. The U.S. Trade Representative's office said that many of the tariffs, including a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals, would take effect on Sept. 27. The USTR determination, published on Friday and first repor...

Copyright © 2024 DD News. All rights reserved
Visitors: 8300520
Last Updated: 19th Sep 2024