Yesterday, the Office of the U.S. Trade Representative (USTR) announced that increased tariffs on Chinese imports, which were slated to go into effect tomorrow, will instead be released sometime later in August.

The enhanced tariffs focus on electric vehicles (EVs), semiconductors, steel and aluminum, and green energy production more generally.

This includes a 100% tariff on Chinese EVs while tariffs on solar cells and semiconductors will double to 50% and certain steel and aluminum products, batteries, and battery parts will be subject to a 25% tariff, up from 0-7.5%.

In total, the tariffs affect roughly $18 billion in imported goods.

USTR is still evaluating public comments and announced that when the final tariffs are released, there will be a 2-week implementation deadline. The tariffs on semiconductors, batteries, and graphite are not scheduled to take effect until 2025 or 2026, however.

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