latest on **Trump-era tariffs** and recent developments:

### **Current Status of Trump Tariffs (2024 Updates)**

1. **China Tariffs (Section 301)**

- The Biden administration has largely kept Trump’s tariffs on **$300+ billion** worth of Chinese goods (mostly at 25%).

- **New tariffs** were added in May 2024 on **electric vehicles (100%)**, solar cells (50%), steel/aluminum (25%), and semiconductors (50%)**.

- The **China tariff review** (required every 4 years) is ongoing, with some exclusions extended for certain products.

2. **Steel & Aluminum Tariffs (Section 232)**

- **25% on steel** and **10% on aluminum** still apply, though the EU reached a quota deal with the U.S. in 2022.

- **Trump has proposed escalating these to 10% across the board if re-elected in 2024.**

3. **Other Tariffs (WTO disputes, national security)**

- **WTO ruled against U.S. steel tariffs** in 2023, but no major changes followed.

- **Trump has floated a 10% universal tariff** on all imports if he wins the 2024 election.

### **Recent News (May 2024)**

- **Biden added new China tariffs** on strategic sectors (EVs, batteries, critical minerals).

- **Trump criticized Biden** for not being tough enough, promising even higher tariffs if re-elected.

- **EU and U.S. tensions** remain over steel/aluminum, with negotiations ongoing.

### **What’s Next?**

- **2024 Election Impact**: Trump wants across-the-board hikes; Biden is focusing on targeted tariffs.

- **China’s retaliation**: Possible new restrictions on U.S. agriculture (soybeans, pork).

- WTO challenges: Ongoing disputes could pressure U.S. to adjust tariffs. #TrumpTariffs #BinanceAlphaAlert