What are the 14 Chinese items on the US tariff list, and how important are they to China’s exports?

01:52

US proposes new round of tariffs on China in latest trade war escalation

Explainer | What are the 14 Chinese items on the US tariff list, and how important are they to China’s exports?

US announced plans on Tuesday to increase tariffs on 14 categories of products from China under Section 301 of the Trade Act of 1974, covering US$18 billion in imports
The White House said the moves were in response to China’s ‘unfair trade practices and to counteract the resulting harms’

Published: 12:00am, 17 May 2024

1. Battery parts (non-lithium-ion batteries)

What is it? Batteries contain many components, including the anode, the cathode, an electrolyte and a separator.
Tariff: Increase rate from 7.5 per cent to 25 per cent in 2024.
Trade: In 2022, China exported US$475.7 million to the US, and last year the figure rose by 32 per cent to US$627.8 million.

2. Electric vehicles

What is it? A vehicle that can be powered by an electric motor that draws electricity from a battery and is capable of being charged from an external source.
Tariff: Increase rate from 25 per cent to 100 per cent in 2024.
Trade: In 2022, China exported US$459.3 million to the US, and last year the figure fell by 27.8 per cent to US$331.3 million.

3. Face masks

What is it? Face masks, including medical face masks.
Tariff: Increase rate from between zero and 7.5 per cent to 25 per cent in 2024.
Trade: In 2022, China exported US$382.7 million to the US, and last year the figure fell by 80.6 per cent to US$74.4 million.

4. Lithium-ion electrical vehicle batteries

What is it? A rechargeable battery used for electric vehicles.
Tariff: Increase rate from 7.5 per cent per cent to 25 per cent in 2024.
Trade: In 2022, China exported US$10.1 billion to the US, and last year the figure rose by 34 per cent to US$13.5 billion.

12:53

‘Overtaking on a bend’: how China’s EV industry charged ahead to dominate the global market

5. Lithium-ion non-electrical vehicle batteries

What is it? Used for small electronic devices, including digital cameras.
Tariff: Increase rate from 7.5 per cent per cent to 25 per cent in 2026.
Trade: In 2022, China exported US$69.9 million to the US, and last year the figure rose by 26.6 per cent to US$88.5 billion.

6. Medical gloves

What is it? Rubber medical and surgical gloves.
Tariff: Increase rate from 7.5 per cent to 25 per cent in 2026.
Trade: In 2022, China exported US$424.6 million to the US, and last year the figure rose by 4 per cent to US$442 million.

7. Natural graphite

What is it? A metal and important industrial mineral used for refractories, batteries and steelmaking.
Tariff: Increase rate from zero to 25 per cent in 2026.
Trade: In 2022, China exported US$21.2 million to the US, and last year the figure fell by 63.2 per cent to US$7.8 million.

8. Other critical minerals

What is it? The US critical material list currently includes manganese ores and concentrates, with others expected to be added, but the exact definition is unclear.
Tariff: Increase rate from zero to 25 per cent in 2024.
Trade: In 2022, China exported US$4.5 million to the US, and last year the figure fell by 48 per cent to US$2.3 million.

9. Permanent magnets

What is it? Permanent magnets are materials where the magnetic field is generated by the internal structure of the material itself.
Tariff: Increase rate from zero to 25 per cent in 2026.
Trade: In 2022, China exported US$626.9 million to the US, and last year the figure fell by 12 per cent to US$552.2 million.

10. Semiconductors

What is it? An essential component of electronic devices.
Tariff: Increase rate from 25 per cent to 50 per cent by 2025.
Trade: In 2022, China exported US$2.28 billion to the US, and last year the figure rose by 2 per cent to US$2.32 billion.

11. Ship-to-shore cranes

What is it? A type of large dockside gantry crane found at container terminals.
Tariff: Increase rate from zero to 25 per cent in 2024.
Trade: In 2022, China exported US$65 million to the US, and last year the figure rose by 557 per cent to US$362.6 million.

12. Solar cells (whether or not assembled into modules)

What is it? Includes wafers, cell and modules.
Tariff: Increase rate from 25 per cent to 50 per cent in 2024.
Trade: In 2022, China exported US$225.7 million to the US, and last year the figure dropped by 0.2 per cent to US$225.2 million.

13. Certain steel and aluminium products

What is it? A wide-ranging category, including industrial and household items.
Tariff: Increase rate from between zero and 7.5 per cent to 25 per cent in 2024.
Trade: In 2022, China exported about US$6 billion to the US, and last year the figure dropped by 23.7 per cent to US$4.5 billion.

14. Syringes and needles

What is it? Medical products.
Tariff: Increase rate from zero to 50 per cent in 2024.
Trade: In 2022, China exported US$255.8 million to the US, and last year the figure dropped by 12.5 per cent to US$223.9 million.

Read original article here

Denial of responsibility! Chronicles Live is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – chronicleslive.com. The content will be deleted within 24 hours.