The duty on some steel and aluminum products will increase from 0-7.5 to 25%; for semiconductors – from 25 to 50%; duty on electric vehicles – from 25 to 100%.
The US government has raised tariffs on a number of goods imported from China totaling $18 billion. This was stated in a statement by US President Joe Biden published on the White House website.
“In response to China’s unfair trade practices and to counter the damage done, President Biden is now directing his Trade Representative to increase tariffs under Section 301 of the Trade Act of 1974 to $18 billion imports from China to protect American workers and American businesses!” – said the statement.
Thus, in 2024, customs duties on some steel and aluminum products will increase from 0–7.5 to 25%; for semiconductors – from 25 to 50%; duty on electric cars – from 25 to 100%; the duty on lithium-ion batteries for electric vehicles will increase from 7.5 to 25%; duty on solar cells – from 25 to 50%; The duty on ship-to-shore taps will increase from 0 to 25%, the duty on syringes and medical needles – from 0 to 50%.
Earlier, the media wrote that the United States planned to increase duties on electric vehicles, semiconductors, medical supplies imported from China, as well as solar panels and other “green ” energy equipment.
As reported, at the end of last year, China lost the first place in the import of goods to the United States for the first time in 20 years.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.