Reported 3 months ago
The U.S. Trade Representative announced a delay of at least two weeks on the implementation of new tariffs on various Chinese imports, including electric vehicles and medical products. Originally set to take effect on August 1, the tariffs will now start approximately two weeks following the issuance of a final determination after reviewing public comments. These tariffs, which include increased duties on electric vehicles and semiconductors, aim to protect U.S. jobs amid concerns over China's production capacity impacting American industries.
Source: YAHOO