China has announced new tariffs and trade restrictions, following a similar move by the administration of US President Donald Trump, which views competition against China as a key foreign policy point. Last week, Trump ordered additional 10% tariffs on all goods from China, saying he is using his emergency authority …
Read More »US may roll back tariffs on some Chinese goods
US President Joe Biden has instructed his administration to look into lifting some tariffs on imports from China in an effort to curb record-breaking inflation, Commerce Secretary Gina Raimondo said on Sunday in an interview with CNN. “We are looking at it. In fact, the president has asked us on …
Read More »US, EU end Trump-era dispute over steel & aluminum tariffs – European Commission
“Pleased to announce that US President Joe Biden and I have reached an agreement to suspend tariffs on steel and aluminum and work together on a new global agreement on steel,” the official wrote on Twitter. According to US Commerce Secretary Gina Raimondo, the new agreement will allow “a limited …
Read More »China lodges complaint with WTO against Australia over trade tariffs
Ministry spokesman Gao Feng said that Beijing would now appeal against Australia’s duties on imports of railway wheels, wind towers and stainless-steel sinks. “(China) hopes that the Australian side will take concrete action to correct the wrong practices and avoid distortions to the trade of related products, so that trade …
Read More »Biden’s Commerce secretary says Trump tariffs ‘helped save American jobs’ & indicates she’ll keep them
“There is a place for tariffs” in Commerce’s policy toolkit, Raimondo told the White House press corps during a briefing on Wednesday, adding that “the 232 tariffs on steel and aluminum have in fact helped save American jobs in the steel and aluminum industries.” This was a reference to Section …
Read More »US suspends tariffs on French luxury goods over tax on Silicon Valley tech giants
The 25 percent levy, targeting French goods such as handbags, cosmetics, and soap, was set to become effective on Wednesday. However, the US Trade Representative’s office made a last-minute U-turn, announcing on Thursday the punitive measure wouldn’t be enforced. The top trade negotiator explained that the suspension comes “in the …
Read More »US raises tariffs on French and German wines & aircraft parts over ‘unfair’ Airbus subsidies
The increased tariff will apply to imported cognacs, brandies and “certain non-sparkling wines,” as well as “aircraft-related parts,” Reuters reported on Wednesday citing a statement from the Office of the US Trade Representative. The USTR did not specify the rate of the new tariff or when it would take effect, …
Read More »WTO ruling on Trump’s tariffs proves US broke international law – China
China’s Foreign Ministry spokesperson Wang Wanbin lauded the WTO ruling as “objective and fair.” The US politicians have repeatedly slandered China for failing to follow the rules, but the ruling has proven that it is the United States that really violates international regulations. Wang added that the US “uses international …
Read More »US violated trade rules with 2018 China tariffs, WTO rules – but good luck enforcing it
The US violated the General Agreement on Tariffs and Trade (GATT) treaty when it imposed 25 percent tariffs on $234 billion in Chinese goods in 2018, the WTO declared in its ruling on Tuesday, finding in favor of Beijing in the ongoing trade dispute between the two countries. The three-person …
Read More »In Rostov the growth of tariffs for the “communal” than the Federal rate of almost 9%
In Rostov-on-don in the second half of the growth of payment for housing and communal services exceed the Federal rate of 8.8%, according to the report of the Institute of problems of natural monopolies. Reports 161.ru, with the increase of VAT, the allocation of fees for garbage collection in a …
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