Biden extends tariff exemptions on some China imports
President Joe Biden plans to extend tariff exemptions on hundreds of products from China for two weeks as a transition period before reimposing duties on some of them, and will continue exclusions for some others until the middle of next year, the office of the U.S. Trade Representative said.
The exemptions were set to expire at the end of this month. The move comes after the administration said it would quadruple tariffs on electric vehicles imported from China and raise levies on imports including semiconductors, batteries, solar cells, and critical minerals due to the nation’s alleged intellectual property theft.
The tariffs were first imposed under President Donald Trump starting in 2018.
The tariff changes Biden announced last week are staggered to take effect from 2024 to 2026, and are more targeted than the 60% flat tariff Trump has proposed. The biggest jump is for EVs, with the tariff rate quadrupling, while other imports are seeing levies doubled or imposed for the first time. In some cases, the levies apply to areas where China has only a small segment of the U.S. market, but are intended to head off a potential deluge of imports.
More Stories
Neres da doblete y Napoli gana la Supercopa de Italia con victoria sobre Bolonia
Associated Press RIYADH, Arabia Saudita (AP) — David Neres anotó en cada mitad para el Napoli, y el campeón vigente...
Waymos blocked roads and caused chaos during San Francisco power outage
By JAIMIE DING and MICHAEL LIEDTKE SAN FRANCISCO (AP) — Many of Waymo’s self-driving cars blocked streets of San Francisco...
Waymos blocked roads and caused chaos during San Francisco power outage
<p><strong>By JAIMIE DING and MICHAEL LIEDTKE</strong></p><p>SAN FRANCISCO (AP) — Many of Waymo’s self-driving cars blocked streets of San Francisco during...
The Nutcracker’s Dancing Bear celebrates the season with families at Tufts NICU
It was the stuff of sugarplum dreams. Babies, families and staff tending care at the Tufts Medical Center Neonatal Intensive...
Minamino de Japón sufre lesión jugando con Mónaco y podría perderse el Mundial
Associated Press MÓNACO (AP) — El centrocampista japonés Takumi Minamino se rompió el ligamento cruzado anterior de la rodilla izquierda...
Rudy Gobert has 10,000-plus rebounds, envisions many more to come
Trailing by two in the final minute of Minnesota’s dramatic win over the Thunder on Friday, Rudy Gobert tapped a...
