US Finalizes China Tariff Increases Biden Announced in May (2)

President Joe Biden’s administration formally approved tariff increases on billions of dollars in Chinese goods on Friday, paving the way for most of them to go into effect in two weeks.

The office of the US Trade Representative made a final determination on the proposed increases that Biden announced in May that include a 100% duty on electric vehicles, 50% on semiconductors and solar cells, and 25% on battery parts and many critical minerals.

Most of the increases take effect on Sept. 27, with those on computer chips next year, and natural graphite, a critical mineral for EV batteries, ...