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Post by Admin on May 14, 2024 22:22:13 GMT
China's Ministry of Commerce expressed strong dissatisfaction on the 14th with the United States announcing a significant increase in tariffs on Chinese products, and vowed to take decisive measures to protect China's rights and interests.
US President Biden has announced that, based on Section 301 of the Trade Act, he will significantly increase tariffs on imports from China, including electric vehicles (EVs), semiconductors, and medical products.
China's Ministry of Commerce said in a statement that the United States should immediately correct its "wrong actions" and cancel the additional tariffs.
They claim that the United States is abusing the tariff review process under Section 301 for domestic politics and further raising tariffs. Mr. Biden said the tariff hikes were a violation of his promise not to try to curb or contain China's development or seek to divide or sever ties between the United States and China.
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Post by Admin on May 14, 2024 22:58:40 GMT
EVs imported from China will see their tariffs more than quadrupled from 27.5% to 100% — a policy lever meant to challenge Beijing’s practice of encouraging aggressively low pricing by domestic EV manufacturers while levying a 40% tariff on US car imports.
In addition to EVs, increased tariffs will apply to imports of Chinese steel and aluminum, legacy semiconductors, battery components, critical minerals, solar cells, cranes and medical products.
Tariffs on solar cells and semiconductors will double to 50%, while the remainder of the targeted imports will attract tariffs of 25%.
“China opposes the unilateral imposition of tariffs which violate (World Trade Organization) rules, and will take all necessary actions to protect its legitimate rights,” Chinese foreign ministry spokesperson Wang Wenbin told reporters Tuesday shortly before the widely anticipated White House announcement.
The Commerce Ministry said China would take resolute measures to defend its rights and interests and urged the Biden administration to “correct its wrongdoing.”
China’s global trade surplus in goods has soared in recent years and is now approaching $1 trillion, stoking tensions with the United States and Europe.
The Biden administration and European Union officials fear Beijing is trying to tackle a subsidy-fueled overcapacity problem in its decelerating economy by dumping excess products on global markets. Leaders from the Group of Seven developed economies will discuss how to protect their industries at a summit next month.
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Post by Admin on May 15, 2024 18:40:06 GMT
US President Joe Biden expressed alarm at the attempted assassination of Slovakia Prime Minister Robert Fico on Wednesday, calling it a “horrific act of violence.”
“I am alarmed to hear reports of an attack on Slovak Prime Minister Robert Fico,” Biden said in a statement. "Jill and I are praying for a swift recovery, and our thoughts are with his family and the people of Slovakia. We condemn this horrific act of violence. Our embassy is in close touch with the government of Slovakia and ready to assist."
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Post by Admin on May 16, 2024 14:41:23 GMT
President Biden released a video message on May 15, urging former President Trump to participate in two televised debates in the run-up to the November presidential election.
[Image] Adultery hush trial vs. trickster Joe - provocative battle too
President Biden said, "Donald Trump lost two debates to me in 2020. He hasn't appeared in a debate since. Now he's acting like he wants to debate me again. "Let me make it my day. I'll do it twice. Now, let's set a date. Donald, I hear you have free days every Wednesday." Trump made irony of the fact that he was unable to act except on Wednesday in a hush-money trial over an affair with a porn actress.
Former President Trump responded on his social media, saying, ``Now is the time for debate. I'm ready to debate charlatan Joe.''
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Post by Admin on May 16, 2024 20:29:52 GMT
On the 16th, US President Biden (81) refused to release the recording of an interview conducted by former special counsel Har, who was in charge of investigating the case in which classified documents were found in his private residence. Mr. Hur pointed to Mr. Biden's declining memory in his investigation report, and the Republican-majority House Oversight and Accountability Committee and other parties had requested the recordings to be released. This was reported by multiple US media outlets.
Biden, a Democrat who is seeking re-election in November's presidential election, argued that his refusal to disclose the recording was justified because presidential privilege applies to the recording. His support ratings are low due to concerns about his decline due to old age, and it appears that he has decided that if the recordings are made public, it will be detrimental to him. House Republicans are likely to push back more strongly.
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