Tag Archives: tariffs

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 …

“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 …

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 …

“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 …

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 …

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, …

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 …

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 …

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 …

The Prime Minister signed a decree prohibiting unreasonable increase of prices for services of housing and communal services above the level of inflation. According to the Prime Minister, the document will more tightly control the price of utilities. As he noted, currently, the regions are established limiting indexes of growth …