06:35 AM EDT, 05/14/2024 (MT Newswires) -- The Biden administration unveiled new tariffs Tuesday on China imports that include a quadrupling of import duties on electric vehicles.

Under new rules, tariffs on Chinese electric vehicles will jump from 25% to 100% this year.

Tariffs on Chinese solar cells, whether assembled or not, are to increase from 25% to 50% this year. Semiconductors will also increase from 25% to 50% but not until next year.

The new rules also raise duties on steel and aluminum products this year from a maximum of 7.5% to 25%.

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