Tariff Hikes on Chinese EVs, Batteries, Chips and More to Start Aug. 1, Biden Admin Says

Published on May 22, 2024

A range of Chinese imports, including computer chips and electric vehicles, will face a drastic increase in customs duties starting this August, the Office of the U.S. Trade Representative said Wednesday. The announcement comes a week after President Joe Biden ordered that the tariff rate on EVs imported from China be quadrupled from current levels of 25 percent to 100 percent as part of his administration’s effort to address China’s excess production of cheap EVs. For lithium-ion EV batteries and battery parts, the tariff rate will increase from 7.5 percent to 25 percent in 2024, while duties on non-EV batteries will increase from 7.5 percent to 25 percent in 2026. China-made semiconductors are set to double from 25 percent to 50 percent next year....

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