The trade war heats up at sea! On April 17, the Trump administration unveiled a bold, multi-phase plan to charge Chinese-built ships docking at U.S. ports.
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.
USTR Announces New Tariff Increases For Electric Vehicles, Semiconductors, Aluminum, Steel and Other Commodities
On May 14th, 2024, the USTR Announced strategic adjustments to Section 301 tariffs following a four-year review.