US Finalizes Steep Tariff Hikes on Chinese Imports Starting September 27

The tariffs include a 100% duty on electric vehicles and significant increases on solar cells, semiconductors, and medical supplies.

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.