XM无法为美国居民提供服务。

US industry seeks easing of steep Biden-Harris China tariff hikes



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>US industry seeks easing of steep Biden-Harris China tariff hikes</title></head><body>

By David Lawder

WASHINGTON, Aug 26 (Reuters) -The Biden-Harris administration this week is expected to announce final implementation plans for steep tariff increases on certain Chinese imports, and if U.S. industry gets its way, many of the planned duties would be softened.

Manufacturers from electric vehicles to electric utility equipment have asked for the higher tariff rates to be reduced, delayed or abandoned, and for potential exclusions to be greatly expanded.

President Joe Biden in May announced a quadrupling of tariffs on Chinese electric vehicles to 100%, a doubling of duties on semiconductors and solar cells to 50%, as well asnew 25% tariffs on lithium-ion batteries and other strategic goods including steel to shield U.S. firms from Chinese excess production.

The White House had said initially the new tariffs would take effect on Aug. 1 but thatwas delayed until some time in September as the U.S. Trade Representative's office studied more than 1,100 public comments. A final determination isdue by the end of August.

Whether to ease the tariffs is the administration's first major trade decision since Vice President Kamala Harris emerged as the Democratic Party's presidential nominee after Biden stepped aside in late July.

The decision is politically tricky. Dialing back the duties could draw criticism from Republicans that Harris will take a softer stand on China trade in a campaign where Trump has vowed to hit Chinese imports with heftytariffs. Proceeding with the original hikes would draw complaints about higher costs, even from some Democrats in Congress.

China has vowed retaliation against the "bullying" tariff hikes and Foreign Minister Wang Yi said they showed that some in the U.S. may be "losing their minds."

The U.S. decision will come in the same week that U.S. National Security Adviser Jake Sullivan will meet with Wang in a visit aimed at keeping U.S.-China tensions in check with the November U.S. election fast approaching.

CRANES AND SYRINGES

The Biden-Harris tariffs include a new 25% levy on Chinese-made ship-to-shore cranes, a China-dominated sector with no U.S. producers. The Port of New York and New Jersey said it has eight cranes on order from China's state-owned ZPMC at $18 million apiece, and a 25% tariff would boost the cost of each by $4.5 million, "causing a significant strain on the Port's critical and limited resources."

Democratic senators Tim Kaine and Mark Warner from Virginia and Raphael Warnock and Jon Ossoff from Georgia also raised concerns about the impact on ports in their states, calling for existing orders for Chinese cranes to be exempted.

Warnock and Ossoff also urged USTR to reconsider the planned 50% tariff on syringes, saying they could disrupt supplies for those used to feed newborn infants.

Ford Motor F.N asked USTR to reduce proposed tariffs on artificial graphite, a key material used in the production of anodes for electric vehicle batteries. Ford said it still "almost exclusively" uses Chinese secondary-particle graphite,

Autos Drive America, a group representing foreign-brand automakers, called for tariff rates on batteries, modules, cells, and critical minerals to be kept stable through at least 2027 to allow automakers to "fulfill investments in U.S. production and to bolster consumer adoption" of EVs.

EXTEND STEEL DUTIES

There were some companies that urged more extensive Section 301 tariffs, including for Chinese made steel, which Biden proposed to increase to 25% from 7.5%.

Finnish stainless steelmaker Outokumpu OUT1V.HE, which operates a mill in Alabama, said it supported the increase and wants it extended to all steel products melted and poured in China and processed in other countries, such as Vietnam, to curb tariff circumvention.

The steelmaker also said the higher tariffs should extend to other stainless steel categories, such cutlery and refrigeration and brewery equipment.



Reporting by David Lawder, with additional reporting by David Shepardson; Editing by Lincoln Feast.

</body></html>

免责声明: XM Group仅提供在线交易平台的执行服务和访问权限,并允许个人查看和/或使用网站或网站所提供的内容,但无意进行任何更改或扩展,也不会更改或扩展其服务和访问权限。所有访问和使用权限,将受下列条款与条例约束:(i) 条款与条例;(ii) 风险提示;以及(iii) 完整免责声明。请注意,网站所提供的所有讯息,仅限一般资讯用途。此外,XM所有在线交易平台的内容并不构成,也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。

所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。

本网站上由XM和第三方供应商所提供的所有内容,包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接,皆保持不变,并作为一般市场评论所提供,而非投资性建议。所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为适用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解,XM非独立投资研究提示和风险提示相关资讯,更多详情请点击 这里

风险提示: 您的资金存在风险。杠杆商品并不适合所有客户。请详细阅读我们的风险声明