America
US debates additional tariffs on Chinese goods over Russia backing
Washington, March 20
Ted Budd, a Republican member of the US House of Representatives, has submitted a bill to Congress that suggests the possibility of imposing additional duties on certain goods from China over Beijing's backing of Russia amid the Ukraine war.
The politician put forward such a proposal due to the fact that Beijing "provides financial support" to Moscow against the backdrop of the situation in Ukraine, RT reported.
According to the US Congressman, Beijing's support for Moscow consists, among other things, in China increasing the volume of purchases of agricultural products from Russia against the backdrop of a special operation in Ukraine.
In this regard, Budd proposed a number of measures to counter China.
It follows from the text of the bill that after the entry into force of the document, the US Trade Representative must submit to the President data on how much wheat and barley China buys from Russia.
If it turns out that the volumes exceed the figures recorded as of February 1, Washington will increase the customs duty on certain types of goods imported into the US from China, RT reported.
"Upon confirmation... the President will impose an additional duty of 20 per cent of the value of such item on any item classified under Titles I, II, or III of the US Harmonized Tariff Schedule, originating in China and imported into the US Customs Territory," the document added.
10 hours ago
President Murmu to visit Angola and Botswana, meet her counterparts and address parliaments
10 hours ago
EAM Jaishankar congratulates Faure on becoming Seychelles Minister of Foreign Affairs and Diaspora
10 hours ago
India, Finland agree to strengthen ties in trade, digitalisation and AI
10 hours ago
India, US discuss bilateral trade engagement, opportunities of collaboration in technology
12 hours ago
Trump mocks Mamdani win, breaks into his signature 'YMCA' dance
16 hours ago
Jennifer Lawrence: I felt really safe with Robert Pattinson
16 hours ago
‘Manjummel Boys’ was more than just a project; it was a journey of friendship, trust, and sheer perseverance: Soubin Shahir
16 hours ago
Prithviraj's 'Vilaayath Buddha' to hit screens worldwide on November 21
16 hours ago
Anthony Hopkins says he ‘lost everything’ during California wildfires
16 hours ago
Revathy shares glimpse of upcoming project with Parvathy Thiruvothu, Resul Pookutty
16 hours ago
R. Madhavan on working with Ajay Devgn in ‘De De Pyaar De 2’: Felt valued and respected
17 hours ago
Farah Khan reveals Kajol returned to film set just a month after giving birth
17 hours ago
Shatrughan Sinha says he was fortunate to work and learn from Sanjeev Kumar
