Specifically, this decision includes a 100% tax on electric vehicles (EVs), 50% on solar panels and 25% on steel, aluminum, EV batteries and primary minerals. The tax increase is expected to take effect from September 27.
An electric car model of BYD (China)
In addition, the US will also impose a 50% tax on Chinese semiconductors from early 2025, which now includes two new types of products - silicon wafers and polysilicon used in solar panels.
The Biden administration also kept in place the tariffs imposed by the Trump administration on Chinese goods ranging from toys and T-shirts to internet routers and industrial machinery at 7.5% to 25%.
China has said the tax hike is "bullying" and will retaliate, arguing that the success of its EV industry is due to innovation, not government support.
Chinese Ambassador outlines four red lines in US-China relations
Source: https://thanhnien.vn/my-tang-thue-voi-nhieu-hang-hoa-trung-quoc-185240915171628253.htm
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