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US locks in steep China tariff hikes, many to start Sep 27

Channel News Asia LogoChannel News Asia19h ago

US locks in steep China tariff hikes, many to start Sep 27 - Channel News Asia

Quick Summary:

The Biden administration on Friday (Sep 13) locked in steep tariff hikes on Chinese imports, including a 100 per cent duty on electric vehicles, to strengthen protections for strategic domestic industries from China's state-driven excess production capacity.

USTR raised tariffs to 50 per cent on medical face masks and surgical gloves, from an initially proposed 25 per cent, but delayed their start to allow a shift to non-Chinese suppliers.

The higher US tariffs take effect as Vice President Kamala Harris and former President Donald Trump are both courting voters in auto and steel producing states, trying to position themselves as tough on China ahead of the November presidential election.


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US locks in steep China tariff hikes, many to start Sep 27 - Channel News Asia (Picture 1)US locks in steep China tariff hikes, many to start Sep 27 - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 18:45:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 744 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22491502

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 42 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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