Loading...
Market
What action will Biden take to address the tariff loophole for Chinese imports by the end of 2024?
2
Resolution / Starting Odds
Issues an executive order • 25%
Proposes new legislation • 25%
Implements new tariffs • 25%
No action taken • 25%
Official announcements from the White House or other relevant government agencies
Story
US Lawmakers Urge Biden to Close Tariff 'Loophole' for Chinese Imports, Uyghur Slave Labor
Sep 12, 2024, 05:31 AM
A majority of Democratic U.S. House Representatives have urged President Joe Biden to use his executive powers to close a tariff 'loophole' for low-value packages imported from China. This provision has been beneficial for China’s e-commerce companies but has drawn criticism for being unfair. More than 100 U.S. lawmakers have also highlighted concerns about the loophole allowing clothing made with Uyghur slave labor to reach American markets. The call for action was made on Wednesday, requesting an executive order.
View original story
Similar markets
New regulations • 25%
Legislation passed by Congress • 25%
Executive order • 25%
No significant action taken • 25%
Yes • 50%
No • 50%
Protecting American manufacturers • 25%
Preventing entry of illegal drugs • 25%
Ensuring fair trade practices • 25%
Other • 25%
