tariff
Pittsburgh (AFP) - US President Joe Biden called Wednesday for a hike in steel tariffs on China, accusing it of cheating as he courted blue-collar voters on an election campaign trip to the battleground state of Pennsylvania. Biden accused Beijing of xenophobia too in a speech to union members in Pittsburgh that also sought to contrast his defense of workers' rights with the record of his rival Donald Trump. "They're not competing, they're cheating. They're cheating and we've seen the damage here in America," the 81-year-old Biden said to cheers at the headquarters of the United Steelworkers ...
AFP
Pittsburgh (AFP) - US President Joe Biden called for a hike in steel tariffs on "cheating" China Wednesday as he courted blue-collar voters on an election campaign trip to the battleground state of Pennsylvania. "I stand by you, the American steel worker," Biden said to cheers as he unveiled the latest in a series of protectionist measures in a speech to the United Steelworkers union in Pittsburgh. Democrat Biden was on the second day of a three-day swing through Pennsylvania as he competes with Republican rival Donald Trump for working- and middle-class votes ahead of November's election. Bi...
AFP
Washington (AFP) - In a shift from tit-for-tat tariffs and strong-arm tactics to tech restrictions and investment curbs, US policy towards China has become more targeted under President Joe Biden -- though still hardline. Despite differences between Democrats and Republicans, analysts expect Washington's approach to Beijing will only become tougher, whether Biden or former president Donald Trump wins another White House term. "I think the direction of pressure in Washington is absolutely in one direction, which is more hawkishness," said Joshua Meltzer, senior fellow at Brookings Institution. ...
AFP
Ottawa (AFP) - Ottawa announced Tuesday it will challenge the latest US duties on Canadian softwood lumber that it called "unfair, unjust and illegal." At the same time, Canada offered to try to negotiate terms with the United States to bring an end to the longstanding trade dispute that has often flared up over the past 40 years. A previous quota agreement expired in 2015, and in late July of this year Washington imposed a 7.99 percent levy on Canada's timber sector. "For years, the United States has imposed unfair, unjust and illegal duties on Canadian softwood lumber, hurting Canadian indu...
AFP
Washington (AFP) - The US government announced Wednesday it will reinstate tariff exemptions for 352 Chinese products first hit with punitive duties in 2018, when then-president Donald Trump started a trade war with Beijing. The exemptions lapsed in late 2020, but President Joe Biden's administration last October began seeking opinions on which of 549 eligible Chinese products should once again be excluded from the tariffs. In a statement, the US Trade Representative (USTR) said, "Today's determination was made after careful consideration of the public comments, and in consultation with other ...
AFP
Washington (AFP) - The United States will ease tariffs on steel imported from Japan, officials announced Monday, in the latest move by President Joe Biden's administration to resolve trade disputes started under his predecessor Donald Trump. Beginning in April, Japan will be allowed to pay lower duties on exports of up to 1.25 million tons of steel per year to the United States. The decision ends the 25 percent levies Trump imposed in June 2018 on metal imports from the country and others, citing national security concerns. The dispute with Japan was one of a number Trump initiated during his ...
AFP
Washington (AFP) - The United States has resolved a key point of trade friction with Europe after inking a deal to end controversial digital services taxes on American tech giants. Washington said Thursday it will remove punitive tariffs on products from Austria, France, Italy, Spain and Britain as part of the deal -- a critical step in improving frayed relations even though the duties were never imposed. Under the joint agreement, those countries will end taxes on Big Tech companies once a global minimum corporate tax deal takes effect, which is expected in 2023. Any levies paid for the DSTs ...
AFP
Washington (AFP) - Washington on Tuesday escalated its complaint objecting to Canada's treatment of US dairy products under the revised North American free trade agreement. After talks failed to resolve the issue, US Trade Representative Katherine Tai called for the creation of a dispute settlement panel under the US-Mexico-Canada Agreement (USMCA, or CUSMA in Canada), the trade agency said. The action could lead to punitive tariffs if the neighboring countries cannot reach an agreement. A preliminary decision would be expected in four months under the terms of the pact's conflict resolution t...
AFP
Crieff (United Kingdom) (AFP) - It has survived world wars, Prohibition and The Great Depression but this may very well be the toughest time yet for Scotland's oldest whisky maker. The Glenturret Distillery, located on the banks of the River Turret two miles (3.2 kilometres) northwest of the town of Crieff, was established in 1763 and is a popular stop for whisky enthusiasts. Apart from the rushing river and a distiller rolling oak barrels into a filling house, The Glenturret, which closed to visitors during the Covid-19 lockdown, is eerily quiet. Travel restrictions that came with the pandem...
AFP
Washington (AFP) - Canada and the United States on Tuesday narrowly avoided a trade war, after Washington walked back a 10 percent levy on Canadian aluminum imports and Ottawa dropped its threat of counter-tariffs.The US annouced that its duty-free treatment will be retroactive to September 1.However, the Office of the US Trade Representative (USTR) published a list of expected maximum monthly shipments of aluminum, and warned it will reimpose the tariff if imports exceed those amounts."After consultations with the Canadian government, the United States has determined that trade in non-alloyed...
AFP
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