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The European Union's trade chief on Wednesday warned against the "weaponization" of trade amid the latest ratcheting up of tensions between the U.S. and China.
The Biden administration announced stiff new tariff rates Tuesday on $18 billion worth of Chinese imports. The White House said the tariff hikes were necessary to protect American industries from unfair competition.
The U.S. last month began an investigation of China's dominant shipbuilding industry, a move that heaps more pressure on China as the countries' trade battle extends beyond technology and into the manufacturing sector.
The Biden administration has unveiled a series of new measures to try to protect the United States’ shipbuilding and steel industries from being eroded by Chinese overcapacity and non-market investments.
President Biden on Wednesday will call on his trade representative to more than triple some tariffs on steel and aluminum products from China, as part of a series of moves meant to help cushion American manufacturers from a surge of low-cost imports.
China has initiated dispute settlement proceedings against the United States at the World Trade Organization to safeguard its interests in the electric vehicle industry, the Chinese mission said on Tuesday and the WTO confirmed.
WASHINGTON (Reuters) -- Five U.S. labor unions on Tuesday filed a petition with the office of U.S. Trade Representative Katherine Tai requesting a probe into China's alleged unfair policies and practices in the maritime logistics and shipbuilding sectors, the USTR office said.
WASHINGTON (Reuters) -- The Biden administration's top trade official for Asia, Sarah Bianchi, is stepping down as the U.S. Trade Representative's office plots its next moves on trade talks with Indo-Pacific countries after failing to reach a deal in November, the White House confirmed on Thursday.