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VisitWhat will be the status of the U.S. trade deficit with China by end of 2024?
Deficit increases • 33%
Deficit decreases • 33%
Deficit remains stable • 34%
U.S. Department of Commerce trade reports
U.S. Trade Chief Recommends Higher Tariffs on Chinese Goods to Address 'Unfair' Practices
May 14, 2024, 09:07 AM
U.S. Trade Representative Katherine Tai has recommended raising tariffs on a range of Chinese goods, stating that additional actions are needed to address China's 'unfair' trade practices. Tai emphasized that further measures beyond tariff changes are required to combat these practices. The recommendation, made on Tuesday, May 14, 2024, highlights ongoing tensions between the U.S. and China regarding trade policies.
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