America imposes new tariffs on Chinese exports

, three knowledgeable sources reported that US President Joe Biden will unveil a decision to impose new tariffs on Chinese exports by next week, which focuses on the country’s strategic and key sectors.

According to the report, one of the new tariffs includes a major increase in major duties on electric vehicles, which targets trade relations with the United States and existing tariffs on many Chinese goods. which was implemented by Donald Trump.

These sources told Reuters: In this new directive, new tariffs on semiconductors and solar equipment, as well as an increase in electric vehicle taxes. China-made medical equipment, such as syringes and personal protective equipment, will also include higher tariffs. 301 in industries that are in the strategic and security field.

Meanwhile, the Wall Street Journal, citing informed sources, reported in The new plan will quadruple the new tariffs on electric cars. Also, the chairman of the US Senate Banking Committee asked the Biden administration to immediately ban the entry of Chinese electric cars due to concerns about the personal information of Americans.

In addition, some sources noted that the Office of the US Trade Representative presented proposals to the White House last week, but issued a final statement on this. It was delayed due to internal discussions. Issuing an official statement in this regard may even be delayed until Tuesday. He is against China compared to Donald Trump, who has proposed nationwide tariffs. Trump has also promised to impose tariffs of 60 percent or more on all Chinese goods. At a time when there are increasing tensions between these two major economies of the world. Trump’s imposition of wider tariffs on China during his presidency from 2017 to 2021 has created a tariff war between Washington and Beijing.

In 2022, Joe Biden signed an amendment to the Trump-era policy under Section 301 of the US Trade Act, a US official said. Last month, Biden called for more tariffs on Chinese metal products, but the scope of the desired products is very small and is estimated at more than one billion dollars of aluminum and steel industries.

Biden has also pressured the Mexican government to prohibit China from selling its metal products to the United States indirectly from there.

Meanwhile China’s Ministry of Finance in a statement announced that Beijing will extend tariff exemptions for the import of some American products until November 30 of this year .

Also, there have been preliminary discussions in the US government about sanctioning Chinese banks because of the country’s support for Russia in the war against Ukraine, but officials told Reuters that the government is yet to do this. It has no design.

While Washington has so far imposed some sanctions on the main Chinese banks due to the possible effects on the global economy and relations between the two countries , has stopped.

Also, a Chinese Foreign Ministry official said in an interview with Xinhua News Agency that since Biden’s meeting with Xi Jinping in November last year in Sun Francisco, the communication between the two countries shows the process of stopping the reduction of communication and stabilizing it.

Meanwhile, Chinese Foreign Minister Wang Yi in a conversation with Anthony Blinken On the sidelines of the Munich Security Conference, the US Secretary of State stated that Washington should lift the sanctions imposed on Chinese factories and people.

Mr. Yi stated in this conversation Washington should remove these sanctions and not harm China’s legitimate development rights.

According to this report, Washington imposed sanctions on various Chinese companies. , companies that Washington has accused of cooperating with China’s military industries, despite the denial of these companies. American sanctions have also been imposed on Chinese individuals and institutions that are accused of violating human rights in the Xinjiang region.

In recent months, relations between America and China have witnessed There are signs of improvement as both sides take steps to re-establish communication channels after growing tensions between them in recent decades.

China extends tariff exemption on imports of American products

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