{"id":431341,"date":"2024-09-15T09:39:27","date_gmt":"2024-09-15T04:39:27","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=431341"},"modified":"2024-09-15T09:39:27","modified_gmt":"2024-09-15T04:39:27","slug":"us-imposes-new-tariffs-on-chinese-imports","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/us-imposes-new-tariffs-on-chinese-imports\/","title":{"rendered":"US imposes new tariffs on Chinese imports"},"content":{"rendered":"<p> WASHINGTON<br \/>\nThe Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic domestic industries from China\u2019s state-driven excess production capacity.<br \/>\nThe US Trade Representative\u2019s (USTR) said that many of the tariffs, including a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminium, EV batteries and key minerals, would go into effect on September 27.<br \/>\nThe USTR determination, published on Friday but first reviewed by Reuters, showed a 50% duty on Chinese semiconductors, which now include two new categories, polysilicon used in solar panels and silicon wafers, are due to start in 2025.<br \/>\nAdjustments to the punitive \u201cSection 301\u201d tariffs on $18 billion worth of goods announced in May by President Joe Biden were minimal and disregarded auto industry pleas for lower tariffs on graphite and critical minerals needed for EV battery production because they are still too dependent on Chinese supplies.<br \/>\nUSTR left unchanged the tariff increase to 25% from zero on lithium-ion batteries, minerals and components, with the increase for batteries for EVs taking effect September 27 and those for all other devices, including laptops and cell phones, on January 1, 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic domestic industries from China\u2019s state-driven excess production capacity. The US Trade Representative\u2019s (USTR) said that many of the tariffs, including a 100% duty on Chinese EVs, 50% on solar [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-431341","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US imposes new tariffs on Chinese imports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/us-imposes-new-tariffs-on-chinese-imports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US imposes new tariffs on Chinese imports\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to strengthen protections for strategic domestic industries from China\u2019s state-driven excess production capacity. 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