On the 13th, the US government decided to significantly increase import tariffs on Chinese products, including a 100% increase in tariffs on electric vehicles, in order to strengthen the protection of domestic strategic industries in the United States.
A press release from the Office of the United States Trade Representative said that some tariffs will take effect on September 27. In addition to the 100% tariff on Chinese electric vehicles, the United States will also impose a 50% tariff on Chinese solar cells and a 25% tariff on Chinese steel, aluminum, electric vehicle batteries and key minerals.
At the same time, the United States will increase import tariffs on Chinese semiconductors by 50%, and this new tax rate will take effect in January 2025. Two new categories of polysilicon and silicon wafers used in solar panels have been added to the semiconductor item.
He Yong, a spokesperson for the Ministry of Commerce of China, said five days ago that the Office of the United States Trade Representative had previously solicited public comments on the results of the tariff review, and the majority of opinions opposed the imposition of tariffs or the application for an expansion of the scope of tariff exemptions, which shows that the US 301 tariffs on China are unpopular, and urged the US to immediately cancel all tariffs on China.