Washington, July 21 (IANS) US President Donald Trump signed a proclamation creating a new tariff incentive programme aimed at encouraging companies to build, expand or refurbish aluminium smelters in the United States, saying the move would strengthen the country’s industrial base and address national security concerns tied to imports.The proclamation directs the Secretary of Commerce to establish an investment incentive programme under Section 232 of the Trade Expansion Act of 1962 for companie…
Latest Trade Expansion Act of 1962 News & Updates
Washington, May 23 (IANS) US Trade Representative Jamieson Greer said that there were no immediate semiconductor tariffs coming, according to a report, though he underscored the importance of protecting America’s chip sector.Greer made the remarks at Micron Technology’s memory chip plant expansion project outside Washington, Reuters reported, apparently referring to sectoral duties on chip imports that might come after national security investigations under Section 232 of the Trade Expansion Act…
Washington, Feb 24 (IANS) US President Donald Trump is considering fresh national security tariffs on a half-dozen industries after the Supreme Court struck down many of his second-term levies, a media report said.According to a Wall Street Journal report, the proposed measures could target sectors including large-scale batteries, cast iron and iron fittings, plastic piping, industrial chemicals, and power grid and telecom equipment.The tariffs would be issued under Section 232 of the Trade Expa…