Tentative trial dates set for four teens charged with murder | SaltWire #newsupdate #halifax #courtWASHINGTON - The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of U.S. manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them.
Mexico, for one, has overtaken China as the top source of imports into the U.S., with more than $115 billion of goods originating from there in the first three months of 2024 versus less than $100 billion from China. The tariffs are designed to protect new domestic manufacturing sectors that the Biden administration is trying to develop with hundreds of billions of dollars in tax incentives and grants.U.S. Trade Representative Katherine Tai told reporters she was concerned about Mexico's trade relationship with China and to"stay tuned" on future separate efforts to head off tariff evasion problems.
Another USTR official, senior adviser Cara Morrow, told Reuters in an interview prior to the China tariff announcement that the trade agency has been engaging with Mexican counterparts about ways to reduce the rising transshipment of Chinese steel and aluminum through Mexico. Under the pact put into force in July 2020, the three countries could seek to renegotiate or terminate USMCA after six years.
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