The Office of the United States Trade Representative (USTR) announced the conclusion of actions to impose tariffs on Chinese goods following a four-year review in the Section 301 investigation China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation.
Therefore, from 27 September, the tariff rate will increase to 25 per cent on lithium-ion batteries for electric and non-electric vehicles, key minerals, steel, and aluminium. The tariff rate will rise to 100 per cent on electric vehicles and up to 50 per cent on solar panels. Rates will increase to at least 50 per cent on syringes and needles and to at least 25 per cent on masks and medical gloves. Ambassador Katherine Tai said in a statement:
Today’s finalized tariff increases will target the harmful policies and practices of the People’s Republic of China that continue to impact American workers and businesses. These actions underscore the Biden-Harris Administration’s commitment to standing up for American workers and businesses in the face of unfair trade practices.
The USTR said the proposed changes announced in May passed for the most part. However, several updates to strengthen measures to protect US businesses and workers from China’s unfair trade practices emerged after reviewing more than 1,100 public comments.
