Biden Administration's new round of tarrifs on Chinese products

Here is the overview:

Certain steel and aluminum products will increase from 0–7.5% to 25% in 2024.

Semiconductors will increase from 25% to 50% by 2025. Because of ramping legacy production node capacity in China.

EVs will increase from 25% to 100% in 2024. That's huge!

Lithium-ion EV batteries and battery parts: 7.5%% -> 25% in 2024. Lithium-ion non-EV batteries: 7.5% -> 25% in 2026.

Natural graphite and permanent magnets: 0% -> 25% in 2026. Certain other critical minerals: 0% -> 25% in 2024.

Solar cells (whether or not assembled into modules): 25% -> 50% in 2024.

Ship-to-shore cranes: 0% -> 25% in 2024.

Syringes and needles: 0% -> 50% in 2024.

Certain personal protective equipment (PPE), including certain respirators and face masks: 0–7.5% -> 25% in 2024.

Rubber medical and surgical gloves: 7.5% -> 25% in 2026.