Flexport‘s Tom Gould writes:
In an important announcement on May 14, 2024, the U.S. Trade Representative (USTR) published their four-year review in regards to the Section 301 tariffs on certain Chinese-origin products, signaling a major policy shift. President Biden’s administration has since declared modifications to the existing tariff regime, affecting $18 billion worth of imports from China. This development has far-reaching implications for various industries ranging from medical equipment to electric vehicles.
Unpacking the Changes
The revised …
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