China Tariff Hikes 2024 What E-Commerce Brands Need to Know

May 21, 2024 | 0 comments

Worried about the new China goods tariff increases? 

Read on to learn if they impact your business.

The recent tariff increases focus on strategic sectors like steel, semiconductors, and electric vehicles.

The good news? The majority of e-commerce brands importing consumer goods will see little to no impact.

A Full Breakdown

Here’s a full breakdown on what is affected: 

Steel and Aluminum: Tariffs on certain products will increase from 0–7.5% to 25% in 2024. This aims to protect the U.S. steel and aluminum industries from China’s subsidized, high-emission alternatives.

Semiconductors: Tariffs will rise from 25% to 50% by 2025 to counteract China’s market dominance and overcapacity issues.

Electric Vehicles (EVs): Tariffs will jump from 25% to 100% in 2024, safeguarding American EV manufacturers from subsidized Chinese competition.

Batteries and Critical Minerals: Tariffs on lithium-ion EV batteries and other components will increase from 7.5% to 25% by 2024-2026. The focus is on reducing dependency on Chinese supply chains.

Solar Cells: Tariffs will rise from 25% to 50% in 2024 to encourage domestic solar manufacturing and reduce reliance on artificially low-priced Chinese imports.

Ship-to-Shore Cranes: Tariffs will go from 0% to 25% in 2024 to support U.S. port infrastructure and manufacturing.

Medical Products: Tariffs on syringes, needles, PPE, and other medical supplies will increase to 25-50% by 2024-2026 to bolster domestic production and ensure quality.

Check out the link to the full White House press release fact sheet in the comments to learn more. 

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