The maximum 50% tariff will go into effect on January 1, 2025!

Source：Sungreen Logistics Release Time：2024-12-16 Number of views：

In order to restrain China's development, the two US presidents Biden and Trump have done everything to impose a lot of tariffs on China, especially the latter's Trump, who likes to do two things, one is to publicize the theory that China is the biggest threat to the United States, and the other is to constantly increase tariffs.

In recent days, Biden has touted his own record, slamming Trump's tariffs as a "big mistake" and pointing to the additional costs borne by American consumers and businesses. However, just a day later, the Biden administration announced that it would impose new tariffs on a variety of key materials exported from China, an action that raised questions about its policy stance.

On December 11 local time, the Office of the United States Trade Representative (USTR) announced that the United States will increase tariffs on certain tungsten products, silicon wafers and polysilicon imported from China in accordance with Section 301 of the Trade Act of 1974. The tax rate on solar wafers and polysilicon will increase to 50%, with the tariff increase taking effect on January 1, 2025.

Tariff catalogue

The US government claims that the purpose of this move is to weaken China's interference in material prices due to state subsidies and other factors, so as to protect the competitiveness of relevant industries in the United States. However, this will undoubtedly exacerbate trade frictions between China and the United States and may further increase the burden on American consumers and businesses.

All signs show that, as netizens said, the United States has been struggling on the edge of collapse, they will take some groundless things to suppress China, the dirty water to China, it can be seen that the IQ of the United States is not online.

In the announcement, the Office of the United States Trade Representative said that in consideration of the Section 301 Committee's comments and recommendations, and in accordance with the President's direction, it has decided to impose high tariffs on certain tungsten products, polysilicon, and silicon wafers starting in 2025. These actions are designed to protect the U.S. clean technology industry from cheap foreign supplies, said U.S. Trade Representative Vicki Dedge, adding that these measures will complement the U.S. government's domestic investments to promote a clean energy economy while enhancing the resilience of key supply chains.

The United States has imposed a 50 percent tariff on China

While the Biden administration has argued that the new tariffs could blunt China's unfair trade practices and boost domestic manufacturing, many economists have expressed concern that broad tariffs could lead to higher commodity prices and hurt consumers, especially at a time of sluggish global economic growth and rising inflationary pressures. Tariff costs tend to be passed on to consumers, while U.S. manufacturing's reliance on Chinese raw materials can also lead to higher product costs and higher prices. This would pose a threat to industries that rely on low-priced Chinese goods and could lead to a decline in their competitiveness.

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