Trade
USTR Set to Formally Approve China Tariffs Increase Soon
- Tariffs would go into effect two weeks after announcement
- President Biden announced duties on goods from EVs to chips
President Joe Biden announced in May on products including electric vehicles, semiconductors and batteries to solar cells and critical minerals.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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The office of the US Trade Representative is set to formally approve tariff increases on billions of dollars in Chinese goods in the coming days, paving the way for them to go into effect two weeks later, according to a spokesperson.