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.
7 hours ago
G20 Johannesburg summit calls for improving global governance
7 hours ago
EAM Jaishankar speaks to Ukrainian FM, discusses latest conflict-related developments
7 hours ago
PM Modi holds significant discussions with world leaders during Jo'burg G20 Summit
7 hours ago
US says Russia-Ukraine peace draft made with Moscow's 'input'
7 hours ago
Ukraine, US to hold consultations on peace plan in Switzerland
7 hours ago
Houthi court sentences 18 Yemeni UN aid workers to death for 'spying for Israel'
7 hours ago
Justice Surya Kant to take oath as 53rd CJI tomorrow
7 hours ago
Tejas pilot’s body brought to Coimbatore; IAF personnel pay tearful tribute
7 hours ago
The Third Eye: Strategic significance of transparency
7 hours ago
Gujarat CM changes his programme venue for citizen's wedding in Jamnagar
7 hours ago
'He is daydreaming': DKS dismisses Kumaraswamy's claim of 'explosive political developments' in K'taka
7 hours ago
TN govt brings Cuddalore’s Srimushnam taluk under Cauvery Delta region; over 18,000 farmers to benefit
7 hours ago
Bilateral trade to grow, investment to surge with proposed Israel FTA: Piyush Goyal
