The U.S. government has continued its tariff hike measures this week, while at the same time sending out signals of relaxation. On October 17, Trump announced that a 25% tariff will be imposed on imported trucks and truck parts, and a 10% tariff on buses, starting from November 1. However, the Trump administration has quietly adjusted its strategy in recent weeks, granting tariff exemptions to dozens of products that are not domestically produced. The scope covers items ranging from gold and LED lights to certain minerals, chemicals, and metal products.
In addition, the government has also previewed a future exemption list involving hundreds of commodities, including agricultural products, aircraft parts, and generic products used in pharmaceutical manufacturing, indicating a softening of its policy stance.
Meanwhile, the European Union has decided to continue imposing anti-dumping duties on ceramic tableware and kitchenware originating from China, with tax rates ranging from 13.1% to 36.1%. Mexico, on the other hand, has respectively made a preliminary ruling on the interim review of anti-dumping duties on welding wires and cardboard originating from China, and adjusted the preliminary ruling result of the interim review of anti-dumping duties on children’s bicycles.
