The US imposed the preliminary tariff in March on uncoated groundwood paper imported from Canadian mills and used as newsprint by the US newspaper industry.
The UN General Assembly adopted a resolution on Thursday denouncing US President Donald Trump's decision to recognize Jerusalem as the capital of Israel.
The US Electoral College on Monday gave Biden an electoral majority of 306 votes, confirming his victory in November's election. Biden will take office on Jan 20, 2021.
The United States has seen skyrocketing infections and deaths this fall, with 30 states witnessing record daily cases in October.
The UN said its peacekeeping operations cost less than half of 1 percent of world military expenditures.
The US Treasury's statement pushed the dollar and stocks sharply lower and bolstered gold. In the US, the Nasdaq Composite Index dropped 278.03 points, or 3.47 percent, to close at 7,726.04 on Monday. The S&P 500 was down 87.31 points, or 3.7 percent, and shares of S&P 500 technology companies, which are highly exposed to the China market, dropped 4.1 percent.
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The US economy will recover from the COVID-19 pandemic, but the process could stretch through until the end of 2021, Powell said.
The United States on Monday started its COVID-19 vaccine rollout nationwide. The country has so far registered more than 16.7 million cases with over 303,000 related deaths, according to the real-time count kept by Johns Hopkins University.
The US Centers for Disease Control and Prevention (CDC) said the 14 confirmed cases in the US included two new cases in California. The CDC's totals don't include 39 cases among those evacuated from a cruise ship in Japan and the city of Wuhan in China.
The US Department of Agriculture has put this year's pork consumption in the ROK at 2.044 million metric tons, slightly higher than the 2 million tons recorded in 2018. The USDA forecast pork consumption in the ROK to increase to 2.104 million tons next year.