Dear Valued Customer,

The Biden administration announced Tuesday that tariffs on Chinese imported steel and aluminum, semiconductors, electric vehicles, batteries, solar cells, ship-to-shore cranes and medical equipment would be increasing in the coming years.

Some of these tariffs will rise from single-digit percentages to 25%, others will rise to 50%, while the electric vehicle tariff will rise to 100%. The proposed start date of the tariffs varies, with some set to take effect this year and others going onto the books as late as 2026.  Please click here for more information about specific details regarding tariff increases and timing.

The U.S. Trade Representative’s office is expected to issue a Federal Register notice next week, which will outline how interested parties can comment on the proposed tariff modifications. The notice will also contain information on what machinery will be excluded from tariff increases due to its use in domestic manufacturing.

In light of these changes, we strongly recommend that you reach out to your customs brokerage advisor to determine how the increased tariffs will impact your imports and how you can plan around them ahead of their start date.

Sincerely, 

OEC Group