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China raising its retaliatory tariff on the US from 34% to 84%, effective Thursday

China raising its retaliatory tariff on the US from 34% to 84%, effective Thursday

China will impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade war sparked by U.S. President Donald Trump.
Trump outlines reciprocal tariff plan in latest bid to reshape trade on his terms

Trump outlines reciprocal tariff plan in latest bid to reshape trade on his terms

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

Britain, South Korea agree to extend tariff-free trade for two years

Britain, South Korea agree to extend tariff-free trade for two years

Britain and South Korea have agreed to extend a period of low or zero tariffs on bilateral trade by two years, ahead of talks to forge a new trade deal, the British government said on Monday, in a boost for the car industry.
October 15, 2023 | 08:20 pm PT
EU to assess punitive tariffs on Chinese electric cars

EU to assess punitive tariffs on Chinese electric cars

The European Commission started an investigation on Wednesday to into whether to impose tariffs to protect the European Union against Chinese electric vehicle (EV) imports benefiting from state subsidies.
September 13, 2023 | 02:39 am PT
EU extends safeguard measures on steel from Vietnam

EU extends safeguard measures on steel from Vietnam

The European Union has extended its safeguard measures on steel imports from a number of countries, including Vietnam, for another 12 months until the end of June 2024.
June 8, 2023 | 11:51 pm PT
All options on table in China tariff review, US trade official says

All options on table in China tariff review, US trade official says

The Biden administration is considering "all options" as it reviews potential changes to U.S. duties on Chinese imports, including tariff relief and new trade investigations in a shift of focus to strategic concerns with Beijing, Deputy U.S. Trade Representative Sarah Bianchi said on Thursday.
June 2, 2022 | 06:23 pm PT
US solar industry warns of slowdown due to supply chain disruptions, tariff uncertainty

US solar industry warns of slowdown due to supply chain disruptions, tariff uncertainty

The US solar industry is warning of big slowdown in project installations as global supply chain disruptions and threat of new tariffs on panel imports from Southeast Asia hit home.
April 28, 2022 | 11:27 pm PT
Finance ministry mulls halving import tariff on gasoline

Finance ministry mulls halving import tariff on gasoline

The Ministry of Finance is considering lowering the most favored nation (MFN) import tariff on gasoline from 20 percent to 12 percent.
April 24, 2022 | 08:27 pm PT
US to consider tariffs on solar panels made in Southeast Asia

US to consider tariffs on solar panels made in Southeast Asia

U.S. trade officials on Monday said they will launch an investigation that could result in tariffs on solar panels imported from four Southeast Asian nations, a blow to clean energy project developers that rely on cheap imports to keep costs down.
March 28, 2022 | 07:06 pm PT
US reinstates 352 product exclusions from China tariffs

US reinstates 352 product exclusions from China tariffs

The U.S. Trade Representative's office said on Wednesday it has reinstated 352 expired product exclusions from U.S. "Section 301" tariffs on Chinese imports.
March 24, 2022 | 06:06 pm PT
US ends Vietnam timber probe, no tariff

US ends Vietnam timber probe, no tariff

The U.S. has decided to not take any trade action on Vietnamese timber following a 12-month investigation into alleged illegal harvesting and trade.
October 4, 2021 | 12:44 am PT
Wind power developers in central province rush construction to get incentive tariff

Wind power developers in central province rush construction to get incentive tariff

Wind power farms in the central province of Quang Tri are scrambling to complete construction to benefit from the 20-year incentive feed-in tariff available until October 31.
August 18, 2021 | 10:39 pm PT
US gets its way as Vietnam agrees not to devalue currency

US gets its way as Vietnam agrees not to devalue currency

The U.S. Trade Representative's office has determined that no tariff action is warranted against Vietnam after its central bank agreed to refrain from "competitive devaluation" of the dong.
July 23, 2021 | 08:48 pm PT
Ministry mulls proposals to rev up auto industry

Ministry mulls proposals to rev up auto industry

Small market size and the price gap between locally produced and imported automobiles act as a drag on the automobile industry, the Ministry of Industry and Trade said.
July 2, 2021 | 11:30 pm PT
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