By late 2019, the United States had imposed approximately US$350 billion in tariffs on Chinese imports, while China had imposed approximately US$100 billion on US exports.
Then the Biden admin happened.
The Joe Biden administration kept the tariffs in place and added additional levies on Chinese goods such as electric vehicles and solar panels. In 2024, the Trump presidential campaign proposed a 60 percent tariff on Chinese goods.
It will be interesting to see what happens. 60% all at once would be too disruptive, I think.
Well Biden put Catherine Tai in as the chief trade negotiator, who has been hard on China. Tariffs were expanded. And the de minimis exemption was rescinded in august.
By late 2019, the United States had imposed approximately US$350 billion in tariffs on Chinese imports, while China had imposed approximately US$100 billion on US exports.
Then the Biden admin happened.
The Joe Biden administration kept the tariffs in place and added additional levies on Chinese goods such as electric vehicles and solar panels. In 2024, the Trump presidential campaign proposed a 60 percent tariff on Chinese goods.
It will be interesting to see what happens. 60% all at once would be too disruptive, I think.
Trade conflicts all seem like a test of wills.
But if you're not testing, you're not doing anything.
Well Biden put Catherine Tai in as the chief trade negotiator, who has been hard on China. Tariffs were expanded. And the de minimis exemption was rescinded in august.
So hardly "nothing further".
Sorry - just edited away the "nothing further" part as it was incorrect - a minute before reading your comment.
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