The Biden Administration announced it had finalized certain Section 301 tariff increases on imports from China. In particular, the administration has imposed a new 25 percent tariff on steel and aluminum products coming in from China. The administration also placed a 25 percent tariff on lithium-ion non-electrical vehicle batteries, which is planned to go into effect January 1, 2026.

In May, the Biden administration announced proposed modifications to the Section 301 tariffs on imports from China; increasing tariffs on several sectors and establishing a new, very limited exclusion process for domestic machinery. The administration did not remove the current Section 301 tariffs–which impact more than 300 commonly used components, materials and parts used in the marine manufacturing process. For a complete list of the products and subsequent harmonized tariff schedule codes, click here.