US says tariff increases on Chinese EVs, batteries and chips to start Aug. 1
Some of the steep U.S. tariff increases on an array of Chinese imports, including electric vehicles and their batteries, computer chips and medical products, will take effect on Aug. 1, the U.S. Trade Representative's office said on Wednesday.
President Joe Biden will keep tariffs put in place by his Republican predecessor Donald Trump while ratcheting up others, including a quadrupling of import duties on Chinese EVs to over 100% and a doubling of semiconductor duties to 50%.
USTR said in a federal notice that a 30-day public comment period will close on June 28. The trade agency is seeking comments on the effects of the proposed tariff increases on the U.S. economy, including consumers, and on whether a proposed 25% duty on medical masks, gloves and a planned 50% tariff on syringes should be higher.
