US President-elect Donald Trump is likely to return to the issue of tariffs in negotiations with China, as well as consider tax cuts and new sanctions, his former Treasury Secretary said in an interview on Thursday. “I think that tariffs do need to be used to get counterparties back to the table, especially China, which … Read more
In 2018 and 2019, his administration imposed tariffs of up to 25 per cent on hundreds of billions of US dollars of Chinese goods. During this year’s campaign he has already issued sterner threats, including duties in excess of 60 per cent on all Chinese imports. “It seems we are already adapting gradually,” Chen said. … Read more
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 … Read more
The US Trade Representative’s (USTR) office also initiated a probe into China’s maritime, logistics and shipbuilding industries, alleging that Beijing used “unfair, non-market policies and practices” to dominate these sectors. Henry Gao, a law professor at Singapore Management University, said he would not be surprised if China imposes countermeasures against the proposed tariffs through countervailing … Read more
Federal officials are seizing more shipments of unauthorized electronic cigarettes at U.S. ports, but thousands of new flavored products continue pouring into the country from China, according to government and industry data reviewed by The Associated Press. The figures underscore the chaotic state of the nation’s $7 billion vaping market and raise questions about how … Read more
