The US Government is still planning large increases to import tariffs on an array of China-made products including electric vehicles and major components. The federal ‘Office of the US Trade Representative’ (USTR) has set a date of 1 August for implementation of the new rates.

The Biden administration has said that it will increase import duties on Chinese made BEVs fourfold, from 25% at present to 100%, to “safeguard American jobs”.

The US is China’s largest trading partner and Biden said the new duties would affect US$18bn worth of Chinese imports. He said the tariffs would be imposed on “carefully targeted strategic sectors”, mostly in “green technology”, to allow US manufacturers more time to catch up with their Chinese counterparts.

USTR said in its federal notice that there is a 30-day public comment period will close on 28 June.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.