Industry News
Section 301 Tariffs to Remain, Increase in Some Industries
TweetMay 14, 2024
By:
Marvin E. McPherson
Section 301 Tariffs to Remain, Increase in Some Industries
After months of Congressional pressure and elevated interested from the importing community, the United States Trade Representative’s office has released its four-year review of the Section 301 duties imposed on products of China. The report calls for retaining the Section 301 duties in place, as well as increasing duties on entire classes of imported goods from China.
While the rationales and proposed actions are in the 193-page report, but the White House also issued a more user-friendly fact sheet summarizing the action. Summarizing the summary, the proposed actions going forward include:
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 |
Many questions remain for importers, including the scope of steel and aluminum products. The USTR will issue a Federal Register notice announcing procedures for interested persons to comment on the proposed modifications and information concerning an exclusion process for machinery used in domestic manufacturing.
If you have any questions surrounding the applicability of 301 tariffs or would like help submitting comments to the USTR, please contact any attorney at Barnes Richardson and Colburn.