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How do you think the new 25% on steel & aluminum, 50% on semiconductors and 100% tariffs on eBikes will impact you?

Posted: Fri Aug 30, 2024 4:00 am
by totalmotorcycle
How do you think the new 25% on steel & aluminum, 50% on semiconductors and 100% tariffs on Chinese eBikes will impact the motorcycle industry? 🤔


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Did you know China produces 54% of the worlds STEEL and 55% ALUMINUM?? For me, the DOUBLE price on eBikes won't affect me, but everything uses steel and aluminum as well as semiconductors today...


Steel Production
USA: The USA produces around 4.5% of the world’s steel.
Canada: Canada produces about 1.5% of the world’s steel.
China: China is the largest producer, accounting for approximately 54% of the world’s steel production.

Aluminum Production
USA: The USA produces less than 2% of the world’s primary aluminum.
Canada: Canada is the fourth-largest producer, accounting for about 5% of global aluminum production.
China: China leads in aluminum production, accounting for over 55% of global output.

Current and new U.S. tariffs on Chinese imports by sector

Electric Vehicles (EVs):Current rate: 25%
New rate: 100%

Semiconductors:Current rate: 25%
New rate: 50%

Solar Cells:Current rate: 25%
New rate: 50%

Syringes and Needles:Current rate: 0%
New rate: 50%

Steel and Aluminium Products:Current rate: 7.5%
New rate: 25%

Lithium-ion EV Batteries:Current rate: 7.5%
New rate: 25%

Lithium-ion Non-EV Batteries:Current rate: 7.5%
New rate: 25%

Battery Parts:Current rate: 7.5%
New rate: 25%

Personal Protective Equipment (PPE):Current rate: 7.5%
New rate: 25%

Rubber Medical and Surgical Gloves:Current rate: 7.5%
New rate: 25%

Natural Graphite and Permanent Magnets:Current rate: 0%
New rate: 25%

Other Critical Minerals:Current rate: 0%
New rate: 25%

Ship-to-Shore Cranes:Current rate: 0%
New rate: 25%