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Biden to end tariff exclusions for hundreds of Chinese products

Tan KW
Publish date: Sat, 25 May 2024, 03:18 PM
Tan KW
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 US President Joe Biden will reimpose tariffs on hundreds of goods imported from China, the office of the US Trade Representative (USTR) announced, as part of a broader plan to increase duties in strategic sectors and protect American manufacturing.

The US will allow tariff exclusions to expire for about half of 400 products that had been spared, the USTR said on Friday. It added that 164 exclusions would be extended through May of next year. All of the exemptions, which are set to expire at the end of this month, will be extended through June 14 to allow for a transition period for those that aren’t being renewed. 

Some of the products receiving continued exclusions through next May include types of motors and medical equipment, but the products are as varied as child safety seats, certain types of backpacks, and some types of crab meat.

Among the products where exclusions are being ended are more than 100 where the administration received no public comment asking for their extension, the trade office said. For the others, public comments failed to show that extending the exclusions would help to shift sourcing out of China, or to show that the imports are unavailable from sources other than China.

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 then US president Donald Trump, starting in 2018.

 


  - Bloomberg

 

Discussions
Be the first to like this. Showing 4 of 4 comments

chinaman

tariff make inflation getting worse. which Fed Power try to stem....god save america....good US president wakaka

3 weeks ago

chinaman

Trump make a comeback as president??

3 weeks ago

EngineeringProfit

Not too old? TDM 2.0?

3 weeks ago

chinaman

scrape the bottom of the barrel

3 weeks ago

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