U.S. To Quadruple Tariffs On China's EVs To 100% On Sept. 27

The US has announced that it will raise tariffs on Chinese electric vehicles (EVs) and certain other goods on September 27 as part of efforts to maintain American workers' competitiveness and protect relevant industries, Kyodo News reported.

The trade policy targeting China underscores "the Biden-Harris administration's commitment to standing up for American workers and businesses in the face of unfair trade practices," said USTR Katherine Tai.

The punitive duty on EVs from China will be increased fourfold, to 100% from the current 25%, and tariffs on lithium-ion batteries for EVs will rise to 25%, up from 7.5%. Both changes will take effect on the specified date, according to the Office of the US Trade Representative (USTR).

President Joe Biden's administration had already announced the new tariff rates in May and initially planned to implement them on August 1, but the move was delayed to allow more time for reviewing public comments on the policy.

The new tariff date was unveiled as Vice President Kamala Harris, the Democratic presidential nominee, and her Republican rival, former President Donald Trump, remain in a tight race ahead of the November 5 election. President Biden is not seeking reelection.

USTR Katherine Tai stated on Friday that the trade policy targeting China underscores "the Biden-Harris administration's commitment to standing up for American workers and businesses in the face of unfair trade practices."