US Increases Tariffs on Chinese Products
Washington has completed the implementation of new tariffs on billions of dollars in Chinese imports. Read Full Article at RT.com.
TroibNews 
The United States has completed the process to escalate tariffs on a substantial volume of imports from China, as confirmed by US Trade Representative Katherine Tai on Friday. This adjustment will particularly impact products like electric vehicles and semiconductors.
Initially disclosed by the White House in May, President Joe Biden's administration has been refining the tariff rates and scheduling their implementation since then, reflecting input from American stakeholders.
Per the finalized version of the document, dated September 12, tariffs will hit 100% on electric vehicles, increase to 50% on solar cells, and 25% on items such as electric vehicle batteries, steel, aluminum, face masks, and several other products, beginning September 27. Additionally, semiconductors will see a 50% tariff increase effective next year. Other items, including non-electrical vehicle batteries, medical gloves, and permanent magnets, will experience a staggered tariff increase over the next two years.
“Today’s finalized tariff increases will target the harmful policies and practices of the People’s Republic of China that continue to impact American workers and businesses,” Tai stated in a press announcement. She emphasized that the measures are designed to protect "American workers and businesses in the face of unfair trade practices."
US representatives have consistently regarded China as a primary "competitor," maintaining or increasing economic sanctions against it since 2018, beginning under President Donald Trump. President Biden has maintained this approach, despite warnings from Beijing of reciprocal actions.
Former spokesperson for the Chinese Foreign Ministry, Wang Wenbin, had earlier remarked that the actions of the US “violate global trade rules.” Foreign Minister Wang Yi harshly criticized these actions as “the most typical form of bullying,” and accused Washington officials of "losing their minds in order to maintain their unipolar hegemony."
Moreover, Russia has joined China in denouncing the tariff hikes. In May, Russian President Vladimir Putin characterized the increases as aimed at stifling competition, notably in the EV market where Chinese advancements have been significant. Tesla CEO Elon Musk also condemned the tariffs imposed on Chinese EVs, noting that they "inhibit freedom of exchange" and “distort the market.”
Ian Smith for TROIB News
Initially disclosed by the White House in May, President Joe Biden's administration has been refining the tariff rates and scheduling their implementation since then, reflecting input from American stakeholders.
Per the finalized version of the document, dated September 12, tariffs will hit 100% on electric vehicles, increase to 50% on solar cells, and 25% on items such as electric vehicle batteries, steel, aluminum, face masks, and several other products, beginning September 27. Additionally, semiconductors will see a 50% tariff increase effective next year. Other items, including non-electrical vehicle batteries, medical gloves, and permanent magnets, will experience a staggered tariff increase over the next two years.
“Today’s finalized tariff increases will target the harmful policies and practices of the People’s Republic of China that continue to impact American workers and businesses,” Tai stated in a press announcement. She emphasized that the measures are designed to protect "American workers and businesses in the face of unfair trade practices."
US representatives have consistently regarded China as a primary "competitor," maintaining or increasing economic sanctions against it since 2018, beginning under President Donald Trump. President Biden has maintained this approach, despite warnings from Beijing of reciprocal actions.
Former spokesperson for the Chinese Foreign Ministry, Wang Wenbin, had earlier remarked that the actions of the US “violate global trade rules.” Foreign Minister Wang Yi harshly criticized these actions as “the most typical form of bullying,” and accused Washington officials of "losing their minds in order to maintain their unipolar hegemony."
Moreover, Russia has joined China in denouncing the tariff hikes. In May, Russian President Vladimir Putin characterized the increases as aimed at stifling competition, notably in the EV market where Chinese advancements have been significant. Tesla CEO Elon Musk also condemned the tariffs imposed on Chinese EVs, noting that they "inhibit freedom of exchange" and “distort the market.”
Ian Smith for TROIB News
