USTR increases Section 301 tariffs for Chinese imports of tungsten products, solar wafers, and polysilicon

Tariff increases will take effect on January 1, 2025.

Share
December 11, 2024

The Office of the United States Trade Representative (USTR) today announced tariff increases under Section 301 for imports from China of certain tungsten products, solar wafers, and polysilicon.

According to today’s USTR release, the following tariff increases will take effect on January 1, 2025:

  • The rates for solar wafers and polysilicon will increase to 50%
  • The rates for certain tungsten products will increase to 25%

Read the formal USTR notice

Background

The tariff increases are a result of the statutory review of the tariff actions in the Section 301 investigation of the China’s acts, policies, and practices related to technology transfer, intellectual property, and innovation. The USTR report found that while China had changed some specific unfair measures, harmful forced technology transfer practices, including cyber theft and industrial espionage, have continued and, in some instances, worsened.

Additional tariff increases include electric vehicles, syringes and needles, and medical gloves (100%); semiconductors, solar cells, and facemasks (50%); and steel and aluminum products, certain critical minerals, and others (25%). 

For more information, contact a professional with KPMG Trade & Customs services:

Andrew Siciliano
Partner, U.S. & Global Practice Leader

E: asiciliano@kpmg.com

Doug Zuvich
Partner

E: dzuvich@kpmg.com

Irina Vaysfeld
Principal

E: ivaysfeld@kpmg.com

John L. McLoughlin
Principal

E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal

E: labad@kpmg.com

George Zaharatos
Principal

E: gzaharatos@kpmg.com

Christopher Young
Principal

E: christopheryoung@kpmg.com

Amie Ahanchian
Principal

E: aahanchian@kpmg.com

Gisele Belotto
Principal

E: gbelotto@kpmg.com

Steve Brotherton
Principal

E: sbrotherton@kpmg.com

Jessica Libby
Principal

E: jlibby@kpmg.com

Dawn Olesky
Principal

E: dolesky@pmg.com

Frances Xing
Principal

E: francesxing@kpmg.com

 

 

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline