The United States announced that it would impose additional 301 tariffs on Chinese products, raising the maximum tariff to 100%!

It is learned that on May 14, the United States released the results of the four-year review of the 301 tariffs imposed on China, announcing that on the basis of the original 301 tariffs on China, it would further increase tariffs on electric vehicles, lithium batteries, photovoltaic cells, key minerals, semiconductors, as well as steel and aluminum, port cranes, personal protective equipment and other products imported from China.

The tariff adjustments for some products are as follows:

The tariff on electric vehicles will be raised from 25% to 100%; the tariff on semiconductors will be raised from 25% to 50%; the tariff on lithium batteries and related components will be raised to 25%; the tariff on photovoltaic cells will be raised from 25% to 50%; the tariff on steel and aluminum products will be raised from 0-7.5% to 25%; the tariff on medical devices will be raised to 25-50%...

According to foreign media reports, the US said that the additional tariffs involved goods worth 18 billion US dollars, accounting for only about 0.5% of China's total exports in 2023, and the scale of export goods involved was relatively limited.

It is worth mentioning that on the evening of May 14, the Ministry of Commerce responded to the review results: the US's increase in 301 tariffs violates President Biden's commitments of "not seeking to suppress or contain China's development" and "not seeking to decouple from China", and is not in line with the consensus reached by the two heads of state. This will seriously affect the atmosphere of bilateral cooperation.

The Ministry of Commerce also stressed that the US should immediately correct its wrong practices and cancel the tariff increase measures on China. China will take resolute measures to defend its own rights and interests.