On September 13th, the US government decided to significantly increase import tariffs on Chinese products, including raising tariffs on electric vehicles by 100%, in order to strengthen protection for strategic industries within the US.

The press release from the Office of the United States Trade Representative states that some tariffs will take effect on September 27th. In addition to imposing a 100% tariff on Chinese electric vehicles, the United States will also impose a 50% tariff on Chinese solar cells and a 25% tariff on Chinese steel, aluminum, electric vehicle batteries, and key minerals.

At the same time, the United States will increase import tariffs on Chinese semiconductors by 50%, and this new tax rate will take effect from January 2025. Two new categories have been added to the semiconductor category: polycrystalline silicon and silicon wafers used in solar panels.

Chinese Ministry of Commerce spokesperson He Yong stated on the previous 5 days that the Office of the United States Trade Representative had solicited public comments on the results of the tariff review, with the majority opposing the imposition of tariffs or the application to expand tariff exemptions. This indicates that the US 301 tariffs on China are unpopular and urges the US to immediately cancel all tariffs imposed on China.