U.S. locks in steep China tariff hikes, as some industries warn of disruptions

U.S. locks in steep China tariff hikes, as some industries warn of disruptions

Qries


The administration of U.S. President Joe Biden on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to boost protections for strategic industries from China’s state-driven industrial practices.The U.S. Trade Representative’s office said that many of the tariffs, including a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals, would take effect on Sept. 27.The USTR determination, published on Friday and first reported by Reuters, showed that a 50% duty on Chinese semiconductors, now including two new categories — silicon wafers and polysilicon used in solar panels — is due to start in 2025.

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