Billions of dollars could be at stake as a law banning imports of products from China goes into effect.
Members of the global trade group were forced to scale back plans for more ambitious agreements, but they were ultimately able to reach several deals at a meeting in Geneva.
The Commerce Department had been considering whether to impose the tariffs as part of a trade case against Chinese companies.
Talks with the self-governing island, which China claims as its territory, aim to challenge Chinese trade practices and are sure to irritate Beijing.
Minutes of the Federal Reserve’s May meeting underscored the deep concern within the central bank about rapidly rising prices that have far exceeded the Fed’s target.
The traffic was robust in March and April, reflecting the time it takes for sanctions to come into effect and an enduring profit motive for trading Russian energy.
The Biden administration will lift a 25 percent tariff on the Ukrainian steel sector for one year to help the country’s economy.
Dozens of countries have thrown up trade barriers in the past two months to protect scarce supplies of food and commodities, but experts say the policies will only exacerbate a global food crisis.
American officials said that they were monitoring China’s progress in meeting the terms of a 2020 trade deal, but that intellectual property owners had expressed concerns.
Human rights activists and others urged the Biden administration to cast a wide net to stop imports of products made with forced labor in Xinjiang.