WASHINGTON (Reuters) – The U.S. Trade Representative’s office said on Thursday it will accept public comments starting on Monday on its plans for steep tariff increases on Chinese polysilicon, silicon wafers and tungsten products.

The tariff increases were added to the Biden administration’s final determination on “Section 301” tariffs on Chinese electric vehicles, batteries, steel, semiconductors and solar cells announced last week.

© Reuters. FILE PHOTO: U.S. and Chinese flags are seen in this illustration, taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

After reviewing public comments on those tariff hikes, many of which are due to start on Sept. 27, including the 100% duty on Chinese EVs, USTR said it would add five product categories. These include 50% duties on polysilicon used in solar cells and silicon wafers used in semiconductors and 25% duties on three categories of processed tungsten, including unwrought and bars, plates, rods, sheets and foil.

In a Federal Register notice, USTR said the docket for public comments will open on Monday and close on Oct. 22.




Source link

Best Brokers

Unmatched trading fees, generous bonuses, top notch Regulation Frame.

T&Cs Apply

Risk disclosure: All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage.

Top-Tier Regulations. Unmatched Spreads and Commissions. Trading View is available.

T&Cs Apply

Financial Spread Trades and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.7% of retail investor accounts lose money when trading CFDs with this provider.

Modern and Intuitive Interfaces, Solid Regulatory Frame, and excellent Trading Fees.

T&Cs Apply
Risk warning: Trading derivatives is highly speculative, carries an inherent risk of loss and is not suitable for all investors. Before trading, you are strongly advised to read and ensure that you understand the relevant risk disclosures and warnings.

Highly Regulated. Low Spreads and Commissions. Vast Account Options.

T&Cs Apply

Risk Warning: Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment.