Overview

• The Biden administration confirmed new tariffs on Chinese imports, including a 100% duty on electric vehicles, effective September 27.
• Tariffs will also increase to 50% on solar cells and semiconductors, and 25% on steel, aluminum, and lithium-ion batteries.
• The decision aims to protect US industries from China's state-driven excess production capacity and unfair trade practices.
• China has vowed retaliation, arguing that its EV industry's success is due to innovation rather than government support.
• The US Trade Representative provided some relief for port operators and delayed tariffs on certain medical supplies to allow a shift to non-Chinese suppliers.