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4/16/2024 – Tariff Updates Summary
Steel and Aluminum
The tariff rate on certain steel and aluminum products under Section 301 will increase from 0–7.5% to 25% in 2024.
Semiconductors
The tariff rate on semiconductors will increase from 25% to 50% by 2025.
Electric Vehicles (EVs)
The tariff rate on electric vehicles under Section 301 will increase from 25% to 100% in 2024.
Batteries, Battery Components and Parts, and Critical Minerals
The tariff rate on lithium-ion EV batteries will increase from 7.5%% to 25% in 2024, while the tariff rate on lithium-ion non-EV batteries will increase from 7.5% to 25% in 2026. The tariff rate on battery parts will increase from 7.5% to 25% in 2024.
Solar Cells
The tariff rate on solar cells (whether or not assembled into modules) will increase from 25% to 50% in 2024.
Ship-to-Shore Cranes
The tariff rate on ship-to-shore cranes will increase from 0% to 25% in 2024.
Medical Products
The tariff rates on syringes and needles will increase from 0% to 50% in 2024. For certain personal protective equipment (PPE), including certain respirators and face masks, the tariff rates will increase from 0–7.5% to 25% in 2024. Tariffs on rubber medical and surgical gloves will increase from 7.5% to 25% in 2026.