A mandatory review of the Section 301 tariffs on imports from China concluded May 14 with recommendations to increase some tariffs on $18 billion worth of Chinese goods, establish an exclusion process for a limited number of products, and make other changes. A Federal Register notice soliciting comments on the proposed changes is expected next week.
The recommendations are included in the Office of the U.S. Trade Representative’s report on its review of the tariffs, which were first imposed in 2018 in an effort to persuade China to modify its “harmful technology transfer-related acts, policies, and practices.” USTR Katherine Tai said that while the tariffs have been somewhat successful in that regard, “further action is required.”
USTR also downplayed the impact of the tariffs on U.S. businesses, saying they have had small negative effects on U.S. economic welfare, prices, and employment and that these impacts are “particularly associated” with China’s retaliatory tariffs on U.S. exports. In fact, USTR asserted, the tariffs have helped to increase U.S. production in the most-affected industrial sectors, reduce imports from China, and increase imports from alternate sources, “thereby potentially supporting U.S. supply chain diversification and resilience.”
USTR is therefore proposing to maintain all existing Section 301 tariffs on Chinese goods and to add or increase tariffs on the following products.
- battery parts (non-lithium-ion batteries) – from 7.5 percent to 25 percent in 2024
- electric vehicles – from 25 percent to 100 percent in 2024
- lithium-ion electrical vehicle batteries – from 7.5 percent to 25 percent in 2024
- lithium-ion non-electrical vehicle batteries – from 7.5 percent to 25 percent in 2026
- medical gloves – from 7.5 percent to 25 percent in 2026
- natural graphite – from 0 to 25 percent in 2026
- other critical minerals – from 0 to 25 percent in 2024
- permanent magnets – from 0 to 25 percent in 2026
- personal protective equipment – from 0-7.5 percent to 25 percent in 2024
- semiconductors – from 25 percent to 50 percent by 2025
- ship-to-shore cranes – from 0 to 25 percent in 2024
- solar cells (whether or not assembled into modules) – from 25 percent to 50 percent in 2024
- steel and aluminum products – from 0-7.5 percent to 25 percent in 2024
- syringes and needles – from 0 to 50 percent in 2024
Those probably is cq grade. In Malaysia only bs grade is accepted by jkr. All mid to large scale private project also use bs grade. Currently bs grade rebar is 3k per tone.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
djibaok
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Posted by djibaok > 2024-03-25 10:20 | Report Abuse
most underrated steel counter.... MASTEEL