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US tariff hike on China may destabilize global economy: Jeffrey Sachs

Al Mayadeen English   Source: Agencies    2024-05-14 17:57    0 Shares
3 min read

With the newly imposed regulations, tariffs on steel and aluminum products from China are set to rise from 0-7.5% to 25% this year, and the tariff rate on Chinese-made semiconductors will double by 2025.

A sailboat passes a cargo ship unloading containers the port of Los Angeles in San Pedro on Thursday, June 15, 2023. (AP)
A sailboat passes a cargo ship unloading containers the port of Los Angeles in San Pedro on Thursday, June 15, 2023. (AP)
United Statestariffselectric vehiclessemiconductorsChinaCHIPS actsteel tariffsUS economywhite house
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03:13
Palestinian killed in Israeli airstrike on Tamoun, south Tubas.
15:51
Al Mayadeen's correspondent: The Lebanese Army's entry into Naqoura coincided with the third meeting of the Quintet Committee overseeing the implementation of the ceasefire, chaired by US envoy Amos Hochstein
03:35
Israeli media: 8 wounded members of IOF evacuated Friday after battles with Palestinian resistance in the Gaza Strip.
18:27
Israeli media platform: One soldier killed in an IED explosion in the Gaza Strip
02:37
Israeli Walla website: Israeli army will completely withdraw from al-Naqoura (Lebanon), hand over responsibility to Lebanese Army, under US supervision.
14:17
Al Mayadeen's correspondent: 11 US-UK strikes on Sanaa as Sabeen Square close to being full in million-man protest in support of Gaza.
19:03
Hochstein: Our commitment to supporting the Lebanese army continues as it implements the agreement by maintaining security in the south and across Lebanon
09:44
Israeli media platform: The vehicle carrying the shooters fled to Nablus
01:36
Al-Mayadeen's correspondent in occupied Palestine: Israeli artillery shelling east of Al-Zaitoun neighborhood, southeast of Gaza City.
15:10
Exclusive Yemeni security source to Al Mayadeen: One of the tasks of the espionage network was to place GPS devices on certain vehicles and targets
01:35
Al-Mayadeen's correspondent in occupied Palestine: Injuries reported after IOF bomb a house in the vicinity of Al-Omari Mosque, east of Gaza City.
00:52
Israeli occupation forces storm Beit Fajjar town, south of Beit Lahm.

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