US to Raise Tariffs on Solar, EV Imports from China Starting Sept 27, 2024
POWER & RENEWABLE ENERGY

US to Raise Tariffs on Solar, EV Imports from China Starting Sept 27, 2024

Four months after announcing significant tariff increases on imports of solar cells, electric vehicles (EVs), batteries, and critical minerals from China, the US confirmed that the new tariff regime will come into effect on September 27, 2024.

The Office of the US Trade Representative (USTR) indicated that electric vehicles manufactured in China would be subject to a 100% tariff, while solar cells would face a 50 per cent tariff. Additionally, a 25 per cent tariff would apply to EV batteries, critical minerals, aluminium, and steel.

A proposal was made for a 50 per cent tariff on polysilicon used in solar panels starting in 2025. However, the USTR established 14 tariff exclusions to temporarily exempt machinery for solar cell and wafer manufacturing. These exclusions will be applicable to products imported from January 1, 2024, until May 31, 2025. The USTR also chose not to proceed with five other proposed exclusions related to solar module manufacturing equipment.

The USTR noted that the modifications announced in May 2024 were mostly adopted, incorporating several updates to enhance protections for American businesses and workers against what it termed China’s “unfair trade practices,” following the review of over 1,100 public comments.

Four months after announcing significant tariff increases on imports of solar cells, electric vehicles (EVs), batteries, and critical minerals from China, the US confirmed that the new tariff regime will come into effect on September 27, 2024. The Office of the US Trade Representative (USTR) indicated that electric vehicles manufactured in China would be subject to a 100% tariff, while solar cells would face a 50 per cent tariff. Additionally, a 25 per cent tariff would apply to EV batteries, critical minerals, aluminium, and steel. A proposal was made for a 50 per cent tariff on polysilicon used in solar panels starting in 2025. However, the USTR established 14 tariff exclusions to temporarily exempt machinery for solar cell and wafer manufacturing. These exclusions will be applicable to products imported from January 1, 2024, until May 31, 2025. The USTR also chose not to proceed with five other proposed exclusions related to solar module manufacturing equipment. The USTR noted that the modifications announced in May 2024 were mostly adopted, incorporating several updates to enhance protections for American businesses and workers against what it termed China’s “unfair trade practices,” following the review of over 1,100 public comments.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement