TLG - Media, page-15677

Mates, this is very relevant to Talga, even as a Euro anode producer (nearly). Keep an eye on the US section 301 tariff news next week.

(Bloomberg) -- President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.

The decision is the culmination of a review of so-called Section 301 tariffs first put into place under Trump starting in 2018. The new tariffs will focus on industries including electric vehicles, batteries and solar cells, with existing levies largely being maintained. An announcement is scheduled for Tuesday, two of the people said.While a decision could be delayed, it nonetheless represents one of Biden’s biggest moves in the economic race with China.

It builds on his call last month to hike tariffs on Chinese steel and aluminum, and the formal launch of a fresh probe into China’s shipbuilding industry.Economic SlowdownChinese President Xi Jinping’s strategy of ramping up manufacturing to arrest an economic slowdown at home has triggered alarm abroad. US and European Union leaders have warned Beijing that excessive state subsidies have fueled a deluge of cheap exports that are threatening jobs in their markets.The US is standing up to China’s “unfair economic practice and industrial over-capacity,” Biden said last month. “I’m not looking for a fight with China. I’m looking for competition, but fair competition.”

https://finance.yahoo.com/news/biden-poised-impose-tariffs-china-004511416.html
https://www.bloomberg.com/news/articles/2024-05-10/biden-poised-to-impose-tariffs-on-china-evs-strategic-sectors