The Biden administration opened a trade investigation into China’s production of older-style semiconductors, setting the stage for potential tariffs or other trade restrictions when President-elect Donald Trump takes office in January.The probe, conducted under Section 301 of the Trade Act, targets “legacy chips” that power everyday devices from cars and household appliances to telecommunications equipment…
The White House announced a trade investigation into “legacy” semiconductors made by China on Monday, less than a month before the new administration of president-elect Donald Trump takes power, that could impose additional tariffs on Chinese-made everyday US consumer goods from cars to coffee makers. The inquiry falls under Section 301, a tool named after…
WASHINGTON: The United States firmed up tariff hikes Wednesday on more Chinese imports including crucial solar panel components, capping recent efforts by the world’s biggest economy to guard its growing green energy sector. The latest moves announced by the US Trade Representative’s office cap a review of tariffs imposed during President-elect Donald Trump‘s first administration….
A day after US President Joe Biden warned that Donald Trump’s plan for higher tariffs would be a “major mistake”, his own administration has levied costly new tariffs on imports of critical materials from China. The office of the US trade representative on Wednesday announced that import taxes for solar wafers and polysilicon, an essential…
For now, Brazil is saying no – but yes. On Monday in Beijing, Celso Amorim, special presidential adviser for international affairs, said the country would not be joining China’s Belt and Road Initiative, a trillion-dollar transnational infrastructure programme launched a decade ago. Observers say the announcement reflects divisions within the Brazilian administration over the initiative…
Brazil has decided against joining China’s Belt and Road Initiative, instead seeking alternative ways to collaborate with Chinese investors, a top government adviser said on Monday. Celso Amorim, special presidential adviser for international affairs, told Brazilian newspaper O Globo that Brazil wants to “take the relationship with China to a new level, without having to…