The White House statement called the tariffs 'carefully targeted at strategic sectors' as a 'response to China's unfair trade practices.' Semiconductors will see a tariff increase from 25 to 50 percent by 2025 to promote American chip products.
The Biden administration warned against over-reliance on China to prevent supply chain disruptions like those experienced during the COVID-19 pandemic. Tariffs on lithium-ion batteries, battery parts, natural graphite, and permanent magnets will increase.
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