Updates on United States tariff policies
On May 28 2024, 89 FR 46252 was published indicating the United States Trade Representatives in request for comments on proposed modifications to the section 301 tariffs on goods imported with a Country of Origin of China that started in June of 2018. These modifications detailed intentions to raise tariffs across several different product categories by Harmonized Tariff Code when sourced with a China country of origin. particularly impacted, were certain semiconductors, increasing from 25% to a 50% tariff rate.
89 FR 76581 published on September 18th, 2024, indicated the intention for these tariffs to activate on January 1st of the indicated years, or in the case of changes happening in 2024, in September.
What is DigiKey doing about tariffs?
DigiKey works to mitigate the impact of tariffs on our customers by leveraging our partnerships with our suppliers, our Foreign Trade Zone, and Duty Drawback programs so that we can continue to reduce these costs where possible
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Frequently asked questions
What parts are impacted by the new tariffs?
Below is a list of all Harmonized Tariff Codes impacted by the New Section 301 Tariffs, as well as the year they are scheduled to be changed.
Product | Rate | Year |
---|---|---|
Battery Parts (non-lithium-ion batteries) | Increase rate to 25% | 2024 |
Electric vehicles | Increase rate to 100% | 2024 |
Facemasks | Increase rate to no less than 25% | 2024 |
Medical gloves | Increase rate to no less than 25% | 2026 |
Syringes and needles | Increase rate to no less than 50% | 2024 |
Lithium-ion electrical vehicle batteries | Increase rate to 25% | 2024 |
Lithium-ion non-electrical vehicle batteries | Increase rate to 25% | 2026 |
Natural graphite | Increase rate to 25% | 2026 |
Other critical minerals | Increase rate to 25% | 2024 |
Permanent magnets | Increase rate to 25% | 2026 |
Semiconductors | Increase rate to 50% | 2025 |
Ship-to-shore cranes | Increase rate to 25% | 2024 |
Solar cells (whether or not assembled into modules) | Increase rate to 50% | 2024 |
Steel and aluminum products | Increase rate to 25% | 2024 |
More FAQs coming soon
Still have questions regarding the current tariff policies?
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