Tag: trade

Section 301 Duties to Increase from 2024 to 2026

UPDATE 5/22/24: Details about affected HTS subheadings and the comment period are contained in a new notice from the USTR: Request for Comments on Proposed Modifications and Machinery Exclusion Process in Four-Year Review of Actions Taken in the Section 301 Investigation: China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation

[original story from 5/14/22 continues]

The USTR has published a report (linked here) on the 4-year review of the Section 301 duties imposed on Chinese-origin goods and as a result, additional increases are coming to the Section 301, as follows:

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 batteries Increase rate to 25% in 2026
Medical gloves Increase rate to 25% in 2026
Natural graphite Increase rate to 25% in 2026
Other critical minerals Increase rate to 25% in 2024
Permanent magnets Increase 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 products Increase rate to 25% in 2024
Syringes and needles Increase rate to 50% in 2024

An exclusion process will be established for machinery used in domestic manufacturing, including certain solar manufacturing equipment.

More information is available in the press release at the USTR website.