New Duties From China
May 16, 2024
Dear Valued Clients,
We are all hearing about the current administration proposing new tariffs on specific imports from China, specifically targeting certain imports as detailed below:
| · Battery parts (non-lithium-ion batteries) | Increase rate to 25% in 2024 |
| · Electric vehicles | Increase rate to 100% in 2024 |
| · Facemasks | Increase rate to 25% in 2024 |
| · Lithium-ion electrical vehicle batteries | Increase rate to 25% in 2024 |
| · Lithium-ion non-electrical vehicle batteries | Increase rate to 25% in 2026 |
| · Medical gloves | Increase rate to 25% in 2026 |
| · Natural graphite | Increase rate to 25% in 2026 |
| · Other critical minerals | Increase rate to 25% in 2024 |
| · Permanent magnets | Increase rate to 25% in 2026 |
| · Semiconductors | Increase rate to 50% in 2025 |
| · Ship to shore cranes | Increase rate to 25% in 2024 |
| · Solar cells (whether or not assembled into modules) | Increase rate to 50% in 2024 |
| · Steel and aluminum products | Increase rate to 25% in 2024 |
| · Syringes and needles | Increase rate to 50% in 2024 |
Table 1 – Source USTR.GOV
We have spoken directly with the US Trade Representative’s (USTR) office to confirm that the list of affected Harmonized Tariff numbers has not yet been published. There are an abundance of articles and information that has been reported by the press. There also is a rumor, which may be true, that all items on list 4A in Section 301 will be increasing from a rate of 7.5% to 25%.
According to the direct information we received from the USTR’s office the list of HTS codes which will be impacted by additional Chinese duties will be published in approximately one week. Once the list of HTS codes is posted, we will personally reach out if you have shipped something with us in the past that would fall under the additional rates. This will allow you to plan based on facts.
Please contact your Reilly Import Specialist if you have questions or need further explanation.
