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Trade Tariffs: Difference between revisions
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* 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. | * 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. | ||
The amount of imports from China covered by the new tariffs, including EVs, is small at $18 billion.<ref>https://www.bruegel.org/analysis/rippling-out-bidens-tariffs-chinese-electric-vehicles-and-their-impact-europe</ref> | The amount of imports from China covered by the new tariffs, including EVs, is small at $18 billion.<ref>https://www.bruegel.org/analysis/rippling-out-bidens-tariffs-chinese-electric-vehicles-and-their-impact-europe</ref> | ||
On May 22, USTR published the list of trade codes subject to increased tariffs. In 2023, the US imported $18.1 billion worth of these goods (see Figure 1). The largest product category is non-EV lithium-ion batteries ($10.8 billion, 59% of total), followed by semiconductors ($2.32 billion, 12.8% of total) and lithium-ion batteries for EVs ($2.29 billion, 12.6% of total). | |||
[[File:Screenshot 2024-05-28 132613.png|center|thumb|421x421px|https://rhg.com/research/us-china-trade-war-volume-2/]] | |||
=== <big>Europe</big> === | === <big>Europe</big> === | ||