Section 301 China Tariff set to Increase

In response to this direction, the USTR has proposed the following increases:

Battery parts (non-lithium-ion batteries)        Increase rate to 25% in 2024
Electric vehicles        Increase rate to 100% in 2024
Facemasks      Increase rate to 25% in 2024
Lithium-ion electrical vehicle batteries         Increase rate to 25% in 2024
Lithium-ion non-electrical vehicle batteriesIncrease rate to 25% in 2026
Medical gloves           Increase rate to 25% in 2026
Natural graphiteIncrease rate to 25% in 2026
Other critical mineralsIncrease rate to 25% in 2024
Permanent magnetsIncrease rate to 25% in 2026
Semiconductors         Increase rate to 50% in 2025
Ship to shore cranes   Increase rate to 25% in 2024
Solar cells (whether or not assembled into modules)Increase rate to 50% in 2024
Steel and aluminum productsIncrease rate to 25% in 2024
Syringes and needles             Increase rate to 50% in 2024

Included in the proposal is the recommendation for establishing an exclusion process for machinery used in domestic manufacturing and the allocation of additional funding for US Customs and Border Protection for greater enforcement of Section 301 actions.

The USTR is now soliciting comments about theses proposed amendments. Details of their solicitation can be found here.  Comments can be submitted online at https://comments.ustr.gov.

Further information can be found on the fact sheet provided by the White House and the press release issued by the USTR.

If you have any questions or concerns, please contact the Willson International U.S. Regulatory Team at transitionteamus@willsonintl.com.