The US administration announced Friday that it imposes significant tariff increases on Chinese imports, including a 100 percent tariff on electric vehicles, to enhance protection for strategic domestic industries.
The US Trade Representative’s Office stated that many of the tariffs, including a 100 percent tariff on Chinese electric vehicles, a 50 percent tariff on solar cells, and a 25 percent tariff on steel, aluminum, electric vehicle batteries, and key metals, will go into effect on September 27.
The 50 percent tariff on Chinese semiconductors, which now includes two new categories of polysilicon used in solar panels and silicon wafers, is set to start in 2025.
The bureau said it would keep tariff increases on lithium-ion batteries, metals and components unchanged, with electric vehicle batteries set to go up on September 27 and those for all other devices, including laptops and mobile phones, on January 1, 2026.
The adjustments to punitive tariffs on $18 billion worth of goods announced by President
Joe Biden in May were described by US economists as minimal and ignored pleas from auto industry investors to cut tariffs on graphite and other key minerals needed to make electric vehicle batteries because they still rely heavily on Chinese supplies.
The higher US tariffs come into effect as US Vice President Kamala Harris and former President Donald Trump are courting voters in auto and steel-producing states in an attempt to position themselves on a tougher line with China ahead of the November presidential election.
Source: Qatar News Agency