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ARTICLE · 07 JUNE 2024

USTR Seeking Public Comments On Proposed Tariff Increases On Chinese Goods

Foley Hoag LLP
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As reported in our previous client alert, on May 14, 2024, President Biden announced that he directed his Trade Representative to increase tariffs under Section 301 of the Trade Act of 1974...

GlobalInternational Law
Adam Wade
Adam Wade
Luciano Racco
Luciano Racco
Chawkat Ghazal
Chawkat Ghazal
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Key Takeaways:

  • New tariff rates on certain Chinese-origin goods will be effective starting August 1, 2024 (with later effective dates of January 1, 2025, or January 1, 2026, for some goods).
  • The USTR is planning to increase tariffs on a variety of goods from China, including semiconductors, electric vehicles, lithium-ion batteries, critical minerals, and certain medical products. The tariff rate on solar cells is set to increase to 50% on August 1, 2024.
  • The USTR is proposing 19 new temporary tariff exclusions for certain solar manufacturing equipment.
  • Certain product exclusions under Section 301 will be extended through May 31, 2025.
  • USTR is accepting public comments until June 28, 2024, on the proposed tariff increases and the new exclusions.

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