Taxes and Tariffs

The U.S. Cabinet serves as one of the most crucial components of the executive branch of the federal government, assisting the president in implementing policies and managing national and international affairs.

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Treasury Official Says Diplomacy Mitigated China Reaction to Tariffs

Under Secretary Shambaugh says talks offered “nuanced understanding” of select tariff increases. Treasury Undersecretary Jay Shambaugh said that China has not reacted negatively to new U.S. tariffs on…

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President Hikes Tariffs on Chinese Imports

Sectors include electric vehicles, microchips, and medical products. President Joe Biden announced a variety of increases in tariffs on imported Chinese goods from the White House Rose Garden…

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House Committee Calls for Higher Tariffs on Chinese Drones

Also recommends U.S. drone incentives in a letter to the administration. Representatives of the House China Committee wrote a letter to administration officials on Wednesday urging President Biden’s…

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Legislators Seek Tariffs on Chinese-Made Cars 

Vehicles are being imported through Mexico. Representatives Mike Gallagher of Wisconsin, Raja Krishnamoorthi of Illinois, and two of their colleagues have requested that President Biden’s administration increase tariffs…

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Supreme Court Dismisses Challenge to Steel Import Tariffs

2018 tariff imposed for national security and to boost domestic manufacturing. The Supreme Court dismissed a lawsuit that sought to invalidate a 25 percent tariff on certain steel…

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Commerce Secretary Says Tariffs Against China Under Review

Revisions will not be made until the review has been completed. Secretary of Commerce Gina Raimondo said President Biden’s administration will not adjust any of the tariffs against…

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Congressman Calls for Commerce to Halt Exports to Huawei

The latest phone made by the Chinese company appears to utilize American technology. Representative Mike Gallagher of Wisconsin, the chair of the House Select Committee on China, has…

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Tariff Suspension for Ukrainian Steel Extended an Extra Year

Commerce secretary supports the extension of the presidential proclamation. Secretary of Commerce Gina Raimondo has announced that tariffs on Ukrainian steel will be suspended for an additional year.…

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President Vetoes Bipartisan Solar Panel Protection 

He says the resolution would cause uncertainty and undermine industry efforts. A bipartisan resolution that would have reinstated the enforcement of tariffs on Chinese solar panel manufacturers has…

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