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No China-US Trade War This Year, But Uncertainty Ahead in 2025
On May 14, U.S. Trade Representative Katherine Tai released a review report on the Section 301 tariffs imposed on China and issued a statement indicating that President Joe Biden had directed her to take further action. This includes imposing additional tariffs of 25 percent to 100 percent on strategic products from China, such as electric vehicles, solar cells, and medical supplies. Subsequently, the White House announced new tariffs on $18 billion worth of Chinese imports. After a period of noticeable easing, China-U.S. relations seem to be becoming tense again. However, given the scope and scale of these new ... (full story)
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