In response to ongoing concerns about China’s trade practices related to technology transfer and intellectual property, the United States has announced new tariffs under Section 301 of the Trade Act of 1974. The Biden administration’s latest measures involve increased duty rates on a variety of products imported from China, aimed at protecting American technological innovation and economic interests.
List of New Duties on Imports from China
The scope of the new duties imposed under the China 301 tariffs is extensive and targets a wide range of products that will impact many businesses importing from China.
- Battery parts, excluding lithium-ion batteries, will see a tariff increase to 25 percent in 2024.
- Electric vehicles face a substantial increase, with tariffs rising to 100 percent in the same year.
- Lithium-ion batteries for electric vehicles will incur a 25 percent duty starting in 2024, while those for non-electric vehicles will reach 25 percent by 2026.
- Natural graphite is slated for a 25 percent tariff increase in 2026.
- Other critical minerals will increase to 25 percent in 2024.
- Permanent magnets will see their rates rise to 25 percent in 2026 .
- Semiconductors will experience a significant 50 percent increase by 2025.
- Ship-to-shore cranes will have a 25 percent duty starting in 2024.
- Solar cells will face a 50 percent rate in 2024.
- Steel and aluminum products will be subjected to a 25 percent tariff from 2024.
- Facemasks will increase to 25 percent in 2024.
- Medical gloves will increase to 25 percent in 2026.
- Syringes and needles are increasing to 50 percent in 2024.
Download a List of Items with Increased Duty Rates
Please use this document for reference only and consult legal counsel for final determination how the increased duties may impact your business. By submitting this form you agree to receive email correspondence from @empressbrokers.com.
More Information on the List of China 301 Affected Items
You can access more information on the affected items through the following official resources:
- White House Memorandum: The memorandum, issued on May 14, 2024, outlines the rationale and specifics of the new tariffs. It includes a broad overview of the products that will be subject to increased duty rates. The full memorandum is available here.
- USTR’s Final Report: The U.S. Trade Representative (USTR) has provided an in-depth review and recommendations in their final report, released on the same date. This report includes detailed information on the enforcement measures and the specific products affected by the new tariffs. The full report can be downloaded here.
Action for Companies to Take
By taking proactive measures, businesses can better navigate the challenges posed by the new tariffs and maintain their competitive edge in the market. For a more detailed overview, see our article: New Tariffs on Imports from China: Action Required for Companies.