User login

Home Page

The Trump administration announced on Friday that tariffs the U.S. is imposing on China will be ratcheted up five percentage points, raising the 25 percent tariffs on $250 billion worth of Chinese goods to 30 percent and the 10 percent tariffs set to go into effect on Sept. 1 and Dec. 15 to 15 percent.

Latest News

U.S. exporters and business groups on Friday decried China’s announcement that it will impose tariffs on $75 billion worth of U.S. goods starting next month.

The Chinese government has announced plans to impose tariffs on $75 billion worth of U.S. goods, including retaliatory tariffs on cars, according to Chinese state-run media.

China will soon release a list of foreign companies that will be subject to tighter trade restrictions, a spokesman from China’s Ministry of Commerce said on Thursday.

The Office of the U.S. Trade Representative estimates it will need 175,000 hours and $9.7 million to process requests to exclude products from Section 301 tariffs on $200 billion worth of Chinese imports, the agency said in a Federal Register notice on Thursday.

In its lengthy rebuke last week at the World Trade Organization, the U.S. held up an Appellate Body report that faulted the U.S. on its countervailing duties against China as proof of its longstanding critiques -- and the reason the WTO, without significant reform, will never be able to hold China to account.

President Trump on Tuesday said he was not concerned with the short-term effects of tariffs the U.S. and China have imposed on each other while also suggesting that he may help the U.S. tech giant Apple, whose products will be hit by the next wave of tariffs.

The Commerce Department’s decision to allow U.S. companies to continue to sell products to Chinese telecom giant Huawei for another 90 days was “politically motivated” and not based on national security, the Shenzhen-based company said, according to Chinese state media reports.