Harmonized Tariff Schedule of the United States Revision 1 (2024)
In May 2024, the US government announced new and increased tariffs rates on imports from China :
- Certain Steel and Aluminium Products : increased from 0-7.5% to 25% in 2024
- Semi-conductors : increased from 25% to 50% in 2025
- Electric Vehicles : increased from 25% to 100% in 2024
- Batteries : increased from 7.5% to 25% in 2024
- Battery Components, Parts, and Critical Minerals (including natural graphite and permanent magnets : set up a 25% import tariff in 2024 or 2026
- Photovoltaic Cells : increased from 25% to 50% in 2024
Many of these replace tariffs introduced in 2018, where an additional 25% tariff on top of existing baseline import tariffs was placed on a wide-range of goods including:
- Generation and grid equipment,
- Advanced machinery and appliances including those used for manufacturing
- Motors, transformers, batteries, heaters
- Semi-conductor devices
- Photovoltaic cells
- Motor vehicles (off- and on-road)
- Minerals and metals, including critical minerals, aluminum, cobalt, copper, nickel, zinc, and tin
- Various products made from above minerals and metals, including plates, sheets, strip, foils, and wires
Want to know more about this policy ? Learn more
Topics
Technologies
- Lighting technologies
- Appliances
- Industry sector-specific processes and technologies
- Manufacuturing technologies and systems
- Transport technologies
- Solar
- Electricity generation and CHP technologies
- Energy storage technologies
- Heating, cooling and climate control technologies
- Materials use and efficiency technologies
- Power transformation and distribution technologies