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BREAKING
Israeli media say that for second time in span of hours, a ballistic missile is launched from Yemen toward "Israel".
Israeli media say large explosion heard in central "Israel".
Israeli media: Missile launch from Yemen takes place at end of Yahya Saree's announcement.
Israeli media: Sirens blare in occupied Al-Quds.
Saree: Escalation of aggression on Gaza and the massacres committed necessitate urgent action by the [Arab-Islamic] nation to fulfill its moral and religious duty.
YAF spox, Brigader General Yahya Saree: We also executed a drone operation with two Yaffa drones on vital targets in occupied Yafa [Tel Aviv] and Haifa.
Yemeni Armed Forces: The operation achieved its goal, halting air traffic for close to an hour, and causing millions of settlers to run to shelters.
Yemeni Armed Forces spokesperson: We have executed a military operation targeting Lod Airport [Ben Gurion Airport] with a ballistic missile, halting air traffic.
Al Mayadeen's correspondent: For the first time in over two months, close to 87 aid trucks enter Gaza.
United States: One of the two people killed in the Washington shooting is believed to be an Israeli embassy employee.

Biden reviewing tariffs on Chinese imports imposed by Trump

  • By Al Mayadeen Net
  • Source: Agencies
  • 3 May 2022 22:30
2 Min Read

The Biden administration is reviewing tariffs on Chinese imports that are due to expire in months.

  • x
  • The review will require domestic industries that benefit from the tariffs to ask for their continuation (Global Times)
    The review will require domestic industries that benefit from the tariffs to ask for their continuation (Global Times)

The Office of the US Trade Representative (USTR) announced on Tuesday that the Biden administration has begun to review tariffs that were imposed four years ago by former US President Donald Trump.

The tariffs due to expire in the coming months will be reviewed, and domestic industries that benefited from the tariffs will need to request their continuation. Otherwise, the USTR might terminate the tariffs to ease inflation, which is reaching a four-decade high.

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The USTR said in a statement, referring to the tariffs imposed under the China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation policy that “The first step in the process is to notify representatives of domestic industries that benefit from the tariff actions of the possible termination of those actions."

If a request for continuation is received from these industries, the USTR will conduct a review of the tariffs, which are set to expire automatically four years after being imposed, unless the USTR decides to continue them.

The review must be concluded within 60 days of their potential end, which is July 6 for the first group of $34 billion worth of duties. Even with inflation running above 7% and prices surging, the Biden administration has not yet signaled plans to remove the tariffs, which were signed in 2018 as part of Trump's trade war with China.

Despite the growth of the US economy by 5.7% in 2021, inflation has grown even faster, rising 5.8% for all of last year.

  • China
  • US
  • United States
  • US trade
  • Biden administration
  • Biden
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  • The Biden Administration

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