Will fabricating machinery from China be excluded from new tariffs?
The Biden administration has proposed significant tariff increases on Chinese imports, but in a surprising move, it’s considering excluding certain manufacturing equipment, including fabricating machinery, from these new tariffs. This potential exclusion could have major implications for U.S. metal fabricators and the broader manufacturing sector.President Biden’s administration is moving forward with tariff increases on imported Chinese steel and aluminum, confirming this in a proposed rule published on May 18, 2024. However, the U.S. Trade Representative (USTR) has signaled it may waive Chinese tariffs on manufacturing equipment, some of which is crucial to metal fabricators. Key Information on Proposed Tariff Exclusions Affected Sectors: Manufacturing, Metal Fabrication Potential Excluded Items: Laser-operated machines, […]
