The exemptions, which had previously been extended until December 31, will now be prolonged through May 31, 2024, the United States Trade Representative said in a news release.
One of the positive points in November 2023 was that the import turnover of raw materials for export production keep recording uptrends, accounting for 88.5% of the total import turnover of the country.
The UK and EU have agreed to extend trade rules on electric vehicles until the end of 2026 to keep costs down for manufacturers and consumers, the Prime Minister has announced today (Thursday 21 December).
The Biden administration wants to put more electric vehicles (EVs) on American roadways, just not Chinese-made models. According to The Wall Street Journal, the White House is considering raising the nation’s tariff on imports of automobiles from China.