tariffs

The administration is preparing to announce higher levies on a range of clean-energy goods made in China next week.

President Joe Biden will call on the U.S. Trade Representative to triple the China tariff rate on steel and aluminum imports.

Australia said on Monday it would remove import tariffs on a wide range of goods including toothbrushes, toasters, hand tools and clothing in a bid to eliminate red tape for businesses and bring relief to families battling higher living costs.

As small farmers petition to terminate a longstanding trade deal with Mexico, NatureSweet and others are sounding the alarm about a potential spike in consumer prices.

Its business model is vulnerable to changes in U.S. tariff rules

“Tariff engineering is fascinating. Take Converse Shoes: a fuzzy fabric covers large sections of the sole, but it’s not for fashion reasons. The placement of the fuzzy material classifies the shoe as a slipper, which has a much lower import duty (<5%) than for wholly rubber sole…”

U.S. Treasury Secretary Janet Yellen said the United States expected China to meet its commitments under the Phase 1 trade deal signed under former President Donald Trump, but could look at eventually lowering some tariffs in a reciprocal way.