https://www.whitehouse.gov/briefing-room/statements-releases/2024/05/14/fact-sheet-president-biden-takes-action-to-protect-american-workers-and-businesses-from-chinas-unfair-trade-practices/

  • WashedAnus [he/him]
    ·
    5 months ago

    For those who don't want to click the link:

    • The tariff rate on certain steel and aluminum products under Section 301 will increase from 0–7.5% to 25% in 2024.
    • The tariff rate on semiconductors will increase from 25% to 50% by 2025.
    • The tariff rate on electric vehicles under Section 301 will increase from 25% to 100% in 2024.
    • The tariff rate on lithium-ion EV batteries will increase from 7.5%% to 25% in 2024, while the tariff rate on lithium-ion non-EV batteries will increase from 7.5% to 25% in 2026. The tariff rate on battery parts will increase from 7.5% to 25% in 2024.
    • The tariff rate on natural graphite and permanent magnets will increase from zero to 25% in 2026. The tariff rate for certain other critical minerals will increase from zero to 25% in 2024.
    • The tariff rate on solar cells (whether or not assembled into modules) will increase from 25% to 50% in 2024.
    • The tariff rate on ship-to-shore cranes will increase from 0% to 25% in 2024.