President Trump just signed an executive order imposing a 25% tax hike on ALL steel and aluminum imports, starting March 12th. Unlike his first term, where aluminum faced a 10% tariff, this time it’s up 15% higher!
Tariff Increase On Imports
Starting September 27th, the Biden Administration will raise tariffs on Chinese imports like electric vehicles, batteries, solar panels, and semiconductors. This comes after a USTR review of Section 301 tariffs aimed at promoting fair trade. While some increases hit in 2024, others will phase in over three years.