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Trade Tariffs: Difference between revisions
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== Developments == | == Developments == | ||
=== United States === | === <big>United States</big> === | ||
==== May 14, 2024 ==== | ==== May 14, 2024 ==== | ||
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* The tariff rates on syringes and needles will increase from 0% to 50% in 2024. For certain personal protective equipment (PPE), including certain respirators and face masks, the tariff rates will increase from 0–7.5% to 25% in 2024. Tariffs on rubber medical and surgical gloves will increase from 7.5% to 25% in 2026. | * The tariff rates on syringes and needles will increase from 0% to 50% in 2024. For certain personal protective equipment (PPE), including certain respirators and face masks, the tariff rates will increase from 0–7.5% to 25% in 2024. Tariffs on rubber medical and surgical gloves will increase from 7.5% to 25% in 2026. | ||
The amount of imports from China covered by the new tariffs, including EVs, is small at $18 billion.<ref>https://www.bruegel.org/analysis/rippling-out-bidens-tariffs-chinese-electric-vehicles-and-their-impact-europe</ref> | The amount of imports from China covered by the new tariffs, including EVs, is small at $18 billion.<ref>https://www.bruegel.org/analysis/rippling-out-bidens-tariffs-chinese-electric-vehicles-and-their-impact-europe</ref> | ||
=== <big>Europe</big> === | |||
== References == | == References == | ||