Articles

  • Sep 28, 2024 | asia.nikkei.com | Azusa Kawakami |Ryohei Yasoshima

    NEW YORK/WASHINGTON -- The Biden administration's efforts to promote U.S. electric vehicle production took another step forward Friday as a tariff hike on Chinese EVs took effect, but the Rust Belt states these measures are aimed at are still waiting for a windfall.

  • Sep 14, 2024 | asia.nikkei.com | Ryohei Yasoshima |Azusa Kawakami

    WASHINGTON/NEW YORK -- Even after the Biden administration's huge tariff increase on imported Chinese electric vehicles takes effect, some models will remain cheaper than competing American cars, a sign of the deep-set challenges facing Washington's EV policy. The 100% duty on EVs, announced Friday and set to take effect Sept. 27, follows a four-year review prompted by what the Office of the U.S. Trade Representative called unfair trade practices.

  • Sep 13, 2024 | asia.nikkei.com | Ryohei Yasoshima |Pak Yiu

    WASHINGTON/NEW YORK -- The U.S. will take steps to remove a "loophole" from tariffs levied on goods coming into the country, the White House announced Friday, in a move that targets hugely popular Chinese e-commerce platforms such as Shein and Temu. Currently, packages worth less than $800 enter the U.S. duty free under a de minimis trade provision.

  • May 23, 2024 | asia.nikkei.com | Yohei Hirose |Ryohei Yasoshima |Takero Minami

    STRESA, Italy -- As Group of Seven finance ministers and central bank governors meet in Italy from Thursday, a major topic is the fragmentation of world trade, a problem that U.S. and Europe blame partly on overproduction in China. Discussion topics include how to use frozen Russian assets to support Ukraine's recovery, the macroeconomic impact of artificial intelligence, debt issues in low- and middle-income countries, and reform of multilateral development banks.

  • Apr 17, 2024 | asia.nikkei.com | Ken Moriyasu |Ryohei Yasoshima

    WASHINGTON/PITTSBURGH, U.S. -- President Joe Biden told U.S. Trade Representative Katherine Tai to consider tripling tariffs on Chinese steel and aluminum Wednesday, warning that an influx of artificially cheap Chinese products could hurt American workers if left unchecked. Biden made the announcement at the headquarters of United Steelworkers (USW) in Pittsburgh.

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