China lowering tariffs on imports from U.S. competitors
“China has increased tariffs on US exports to an average 20.7 percent. But also striking for American farmers, companies, and workers is that China has reduced tariffs on competing products imported from everyone else to an average of only 6.7 percent. As recently as early 2018, firms in both the United States and the rest of the world competed in China with each other on a level playing field, facing an average Chinese tariff of 8.0 percent.”
[Peterson Institute for International Economics]
U.S. companies hunt for loopholes to beat China tariffs
“Companies have been encouraged to ‘look at every possible way to reduce their tariff exposure’ within the rules, said Edward Steiner, senior director for international trade and governmental relations at Sandler, Travis & Rosenberg. ‘The private sector is being incentivised to be creative in their mitigation strategy.’”
Supreme Court sends steel tariff case back to appeals court
“The case was brought to the Supreme Court in an unusual process that sought to expedite its review. The plaintiffs, urging the justices to hear the case quickly, noted that Trump is considering tariffs on car and auto part imports in the coming months, also under Section 232. The justices may agree to take the case at a later date, after it faces further review in the lower courts.”
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