- Tariff rate on certain steel, aluminum products under Section 301 to increase from 0-7.5% to 25% in 2024
- Tariff rate on semiconductors to increase from 25% to 50% by 2025
- Tariff rate on electric vehicles to increase from 25% to 100% in 2024
- Tariff rate on lithium-ion EV batteries to increase from 7.5% to 25% in 2024
- Tariff rate on lithium-ion non-EV batteries to increase from 7.5% to 25% in 2026
- Tariff rate on solar cells to increase from 25% to 50% in 2024
It sure took Biden long enough to get to this, following up from Trump beforehand. And this only serves to escalate tensions further between the US and China surely. The announcement above was already flagged earlier in the week here.
This article was written by Justin Low at www.forexlive.com.
Related Articles
USDJPY stalls the fall today and yesterday at the 100 bar MA on the 4-hour chart
The USD/JPY pair moved lower in the early Asian session but found...
What is the latest tilt for US Treasury Secretary?
The fight for US Treasury Secretary is thought to be coming to...
University of Michigan consumer sentiment final for November 71.8 versus 73.7 estimate
Preliminary 73.0Consumer sentiment 71.8 versus 73.7 estimate. Preliminary 73.0. Prior month 70.5Expectations...
GBP/ZAR Price Forecast: Early-warning signs the short-term trend may reverse
GBP/ZAR has formed a temporary bottom after a steep sell-off.
Leave a comment