2024-09-14
5
September 13, 2024, the Office of the US Trade Representative (USTR) confirmed hiked tariffs on Chinese imports, including EVs. Per the USTR, those increased duties include a 100% tariff on Chinese-built EVs, a 50% tariff on solar cells, and 25% on steel, aluminum, EV batteries, and other critical minerals.
The tariffs above will go into effect on September 27, but there are more to follow. A determination by the USTR posted on Friday also stated that the US would impose a 50% duty on Chinese semiconductors, divided into two new categories – polysilicon used in solar panels and silicon wafers. Both those tariffs are expected to go into effect in 2025.
The USTR did not amend the tariff increase from zero......