Overview of the Section 301 Tariffs Increase

The Biden administration announced an increase in Section 301 tariffs on specific Chinese products, particularly those like solar cells and lithium-ion batteries, vital in the U.S. energy market. Initially imposed by the Trump administration, these tariffs are being reviewed and elevated under the current administration to counteract China's alleged unfair practices. The new measures aim to bolster the U.S. clean energy sector, prevent dominance by Chinese competitors, and shield American industries from the impact of subsidized Chinese goods.