Upcoming trilateral meeting with Japan and China will likely focus on trade tensions and South Korea’s position
U.S. President Joe Biden has directed the U.S. Trade Representative (USTR) to maintain existing tariffs on Chinese goods and increase duties on various products, following a 4-year review of actions taken under Section 301 against China’s practices related to technology transfer, intellectual property and innovation.
The USTR will raise tariffs on Chinese products, including batteries, electric vehicles, semiconductors, solar cells, steel, aluminum and personal protective equipment, with increases ranging from 25% to 100% between 2024 and 2026. The USTR will also establish an exclusion process for certain machinery used in U.S. manufacturing, prioritizing some solar manufacturing equipment.
U.S. President Joe Biden has directed the U.S. Trade Representative (USTR) to maintain existing tariffs on Chinese goods and increase duties on various products, following a 4-year review of actions taken under Section 301 against China’s practices related to technology transfer, intellectual property and innovation.
The USTR will raise tariffs on Chinese products, including batteries, electric vehicles, semiconductors, solar cells, steel, aluminum and personal protective equipment, with increases ranging from 25% to 100% between 2024 and 2026. The USTR will also establish an exclusion process for certain machinery used in U.S. manufacturing, prioritizing some solar manufacturing equipment.
Get your
KoreaPro
subscription today!
Unlock article access by becoming a KOREA PRO member today!
Unlock your access
to all our features.
Standard Annual plan includes:
-
Receive full archive access, full suite of newsletter products
-
Month in Review via email and the KOREA PRO website
-
Exclusive invites and priority access to member events
-
One year of access to NK News and NK News podcast
There are three plans available:
Lite, Standard and
Premium.
Explore which would be
the best one for you.
Explore membership options
© Korea Risk Group. All rights reserved.
No part of this content may be reproduced, distributed, or used for
commercial purposes without prior written permission from Korea Risk
Group.