The new tariffs, effective September 27, include 50% on solar cells and 25% on steel, aluminum, EV batteries, and essential minerals. A 50% tariff on Chinese semiconductors, including silicon wafers and polysilicon, will start in 2025.
This decision concludes a two-year review of tariffs initially set by former President Trump. It maintains a 7.5% to 25% tariff on over $300 billion worth of Chinese goods, with some new tariffs on lithium-ion batteries and EV components taking effect later.
Industry groups have criticized the tariffs for potentially disrupting supply chains and failing to address China's trade practices effectively. Lael Brainard, the White House's top economic adviser, emphasized that these targeted tariffs are necessary to counter China's unfair competitive advantages and excess production.
China has vowed to retaliate, while the EU and Canada are also imposing new tariffs on Chinese EVs. The U.S. also adjusted tariffs on certain medical supplies and port equipment, providing some temporary relief for U.S. port operators.
For an optimal experience, please
