Trade Tariffs: Difference between revisions

Trade Tariffs (view source)

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+== Developments ==
+=== May 14, 2024 ===
+<ref>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/#:~:text=The%20tariff%20rate%20on%20battery,zero%20to%2025%25%20in%202024.</ref>
+* 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 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.
+* The tariff rates on syringes and needles will increase from 0% to 50% in 2024. For certain personal protective equipment (PPE), including certain respirators and face masks, the tariff rates will increase from 0–7.5% to 25% in 2024. Tariffs on rubber medical and surgical gloves will increase from 7.5% to 25% in 2026.