07:53 AM EDT, 05/14/2024 (MT Newswires) -- (Updates with additional details)

The Biden administration unveiled new tariffs Tuesday on China imports including a quadrupling of import duties on electric vehicles.

"Today's actions to counter China's unfair trade practices are carefully targeted at strategic sectors-the same sectors where the United States is making historic investments under President Biden to create and sustain good-paying jobs," the White House said in a statement.

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

Whether assembled or not, Chinese solar panel duties will 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%.

The administration this year for the first time will impose tariffs of 25% on ship-to-share cranes which were previously not subject to customs duties.

Medical supplies such as syringes, face masks, and surgical gloves will also face new or higher tariffs of either 25% or 50% this year and in 2026.

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