The Biden administration announced significantly higher tariffs on EVs, batteries, semiconductors, solar cells, and critical minerals from China.
The Biden administration announced much higher tariffs today on key goods from China that the US will need to meet its climate goals. The move targets transportation, clean energy technologies, raw materials, and more.
Tariffs on permanent magnets, natural graphite, and certain other critical minerals are also set to rise to 25 percent from zero over the next couple of years. Graphite is used in batteries, solar panels, and steelmaking. Certain steel and aluminum products will see tariffs rise to 25 percent from today’s zero to 7.5 percent. Meanwhile, US-based solar manufacturers are celebrating the decision to raise tariffs on solar cells to 50 percent from the previous 25 percent.
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