The Homeland Security Department on Thursday announced it would add more than two dozen Chinese textile companies to the forced labor-related entity list as a part of its effort to crack down on illicit trade in the sector.
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The U.S. and China should avoid escalating measures like the new Section 301 tariffs set to be imposed by the U.S., World Trade Organization Director-General Ngozi Okonjo-Iweala said on Thursday.
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The Biden administration’s plan to raise tariffs on electric vehicles and other products from China in “strategic” sectors is drawing a mix of praise and criticism from domestic stakeholders -- and, from Beijing, a promise to take “resolute measures” to defend itself.
Following its review of Section 301 tariffs applied to U.S. imports of Chinese goods, the Office of the U.S. Trade Representative has recommended exempting an array of solar manufacturing equipment from the duties and standing up an exclusion process that targets machinery used for domestic manufacturing, according to its final report.
The Biden administration on Tuesday said it would maintain most tariffs on Chinese goods but raise rates applied to products in strategic industries like clean technology, electric vehicles, semiconductors and steel and aluminum.
A new, bipartisan House bill crafted with input from administration officials would make it easier for the president to restrict exports of artificial intelligence systems and other emerging technologies, its sponsors say.
China will “take all necessary measures” to defend itself if the U.S. imposes new tariffs on its exports, a senior government official said on Friday.
The Treasury Department is expected to issue rules to restrict outbound U.S. investment to China by the end of the year, Commerce Secretary Gina Raimondo told lawmakers on Wednesday, outlining how her department is preparing by securing access to the necessary data and personnel.
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