United States Finalizes Section 301 Tariff Increas
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Posted On: 09/22/2024 9:40:25 AM
United States Finalizes Section 301 Tariff Increases on Imports from China
https://www.whitecase.com/insight-alert/unite...orts-china
On September 13, 2024, the United States Trade Representative (USTR) announced the final Section 301 tariff increases on imports from China,1 following its original proposal in May 2024. Electric vehicles, electric vehicle batteries, battery parts, respirators and facemasks, syringes and needles, ship-to-shore gantry cranes, solar panel cells and modules, steel and aluminum products, and certain critical minerals imported from China will face increased tariff rates ranging between 25% and 100% beginning on September 27, 2024.
The tariffs were originally scheduled to enter effect on August 1, but the action was delayed after USTR took longer than planned to review public feedback and finalize the tariff lists.2 Tariffs on semiconductors, respirators and facemasks, syringes and needles, medical gloves, lithium-ion non-electrical vehicle batteries, permanent magnets, and natural graphite will increase further in 2025 and 2026. USTR is also considering issuing additional tariff increases for tungsten, polysilicon, and wafers, for which it will soon issue a separate notice.
icymi
https://www.whitecase.com/insight-alert/unite...orts-china
On September 13, 2024, the United States Trade Representative (USTR) announced the final Section 301 tariff increases on imports from China,1 following its original proposal in May 2024. Electric vehicles, electric vehicle batteries, battery parts, respirators and facemasks, syringes and needles, ship-to-shore gantry cranes, solar panel cells and modules, steel and aluminum products, and certain critical minerals imported from China will face increased tariff rates ranging between 25% and 100% beginning on September 27, 2024.
The tariffs were originally scheduled to enter effect on August 1, but the action was delayed after USTR took longer than planned to review public feedback and finalize the tariff lists.2 Tariffs on semiconductors, respirators and facemasks, syringes and needles, medical gloves, lithium-ion non-electrical vehicle batteries, permanent magnets, and natural graphite will increase further in 2025 and 2026. USTR is also considering issuing additional tariff increases for tungsten, polysilicon, and wafers, for which it will soon issue a separate notice.
icymi
(1)
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