Search Results for keywords:"Section 301"

In a recent notice, the Office of the United States Trade Representative (USTR) announced changes to actions related to a Section 301 investigation concerning China's technology transfer and intellectual property practices. These changes include raising tariffs on certain tungsten, polysilicon, and wafer products from China starting January 1, 2025. The new tariffs, part of President's instructions to encourage China to change its practices, will be 25% for tungsten products and 50% for polysilicon and wafers. This decision considers public feedback, which highlights the potential benefits and risks of these tariff increases.

The U.S. Trade Representative has concluded that Vietnam's actions and policies related to currency valuation are problematic for U.S. commerce. They determined that Vietnam's management of its currency, particularly through excessive foreign exchange market interventions, gives it an unfair advantage in international trade. These practices were found to be unreasonable, burden or restrict U.S. trade, and therefore can be addressed under Section 301 of the Trade Act of 1974. The U.S. is considering further actions to address these issues.

The U.S. Trade Representative has decided to change the trade measures in a dispute with the European Union (EU) over airplanes. This change aims to mirror the EU's approach and will add specific products from certain EU countries to the list of items facing extra duties. The decision comes as a response to the EU's similar actions and is intended to push for a fair resolution to the disagreement. The revised measure will take effect on January 12, 2021, and involve products from France and Germany, focusing on addressing subsidies deemed inconsistent with World Trade Organization (WTO) rules.