U.S. hikes tariffs on Chinese goods in key sectors following Section 301 review

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. As a result of the Office of the U.S. Trade Representative’s mandatory four-year review of tariffs imposed on Chinese goods under Section 301 of the Trade Act of 1974, the administration will hike duties -- sometimes sharply -- in critical sectors that have benefitted from U.S. industrial...