US increases taxes on many Chinese goods

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% tariff 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 country's EV industry's success is due to innovation, not government support.

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Source: https://thanhnien.vn/my-tang-thue-voi-nhieu-hang-hoa-trung-quoc-185240915171628253.htm