As president, Donald Trump imposed a 25% tariff on foreign steel, which hurt Clips & Clamps Industries, a Michigan auto supplier — raising its materials prices, making it harder to compete with overseas rivals and costing it several contracts. Source link
President Biden on Tuesday defended his decision to levy sweeping tariffs on Chinese electric vehicles and other goods, saying the move protects workers, while business groups argue it will hurt consumers already reeling from sky-high inflation. Speaking from the White House Rose Garden, Mr. Biden said China‘s unfair trade practices have damaged the U.S. economy […]
President Biden will announce Tuesday that he is quadrupling the tariff on electric vehicles from China to 100% and sharply increasing duties on $18 billion in clean energy products, including semiconductors, solar components and batteries. The tariff on electric vehicles will rise from its current level of 25% starting this year, a White House official […]
WASHINGTON — The Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China, according to a U.S. official and another person familiar with the plan. Tariffs on electric vehicles, in particular, could quadruple – from the existing 25% to 100%. The plan was described by […]
BRUSSELS (AP) — The European Commission wants to prevent Russia from using farm products as a tool to wreak havoc on the EU market and is moving to impose tariffs on grain imports from Russia and Belarus. The tariffs are also aimed at denying Russia revenue, because they will effectively suppress exports to the EU, […]
Nothing like being prepared if you’ve got billions on the line, right? That’s pretty much how the global supply chain feels at the moment. They’ve already had a rough year between Houthi shooties, Ukraine continuing, and droughts. Now they’re looking at Joe Biden;’s reelection chances like one might watch a crippled wildebeest trying to take […]
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