On May 14, 2024, President Biden announced that he is directing his Trade Representative to increase tariffs under Section 301 of the Trade Act of 1974 on a wide range of Chinese goods,.
As reported by LM earlier this month, after a statutory four-year review process of Section 301 tariffs levied on United States-bound imports from China conducted by the Office of the United States Trade Representative, the final outcome, the White House announced, that those tariffs are remaining intact, with ones for certain products, to see increases.
Following the U.S. Trade Representative's recommendations, President Biden has announced increased tariffs on $18 Billion of Chinese imports across strategic U.S. sectors which include steel and aluminum.
3 Sectors That Will Suffer Most From the Biden China Tariffs biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
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