U.S. President Joe Biden announced new tariffs on goods from China.

The measure imposes tariffs between 25% and 100% of the value of the imported item, applicable to $18 billion worth of goods. The tariffs extend to semiconductors, electric vehicles, batteries, critical minerals, solar cells, ship-to-shore cranes, medical products, and steel and aluminum.

Tariffs for steel and aluminum tripled to 25%, making it likely that imported fastener costs will increase.

The Section 301 tariffs were imposed in 2018 under the Trump administration on $300 billion in Chinese products.

The tariffs include 25% duties on bolts, screws and other fasteners (HTS subheadings 7318.11.00 to 7318.29.00) manufactured in China and 15% on all Chinese iron and steel nuts (HTS subheading 7318.16.00).

The Office of the U.S. Trade Representative (USTR) list includes:

7318.11.00 - Iron or steel, coach screws
7318.12.00 - Iron or steel, wood screws (o/than coach screws)
7318.13.00 - Iron or steel, screw hooks and screw rings
7318.14.10 - Iron or steel, self-tapping screws, w/shanks or threads less than 6 mm in diameter
7318.14.50 - Iron or steel, self-tapping screws, w/shanks or threads 6 mm or more in diameter
7318.15.20 - Iron or steel, bolts and bolts & their nuts or washers, imported in the same shipment
7318.15.40 - Iron or steel, machine screws (o/than cap screws), 9.5 mm or more in length and 3.2 mm in diameter
7318.15.50 - Iron or steel, threaded studs
7318.15.60 - Iron or steel, screws and bolts, nesoi, having shanks or threads less than 6 mm in diameter
7318.15.80 - Iron or steel, screws and bolts, nesoi, having shanks or threads 6 mm or more in diameter
7318.19.00 - Iron or steel, threaded articles similar to screws, bolts, nuts, coach screws & screw hooks, nesoi
7318.21.00 - Iron or steel, spring washers and other lock washers
7318.22.00 - Iron or steel, washers (o/than spring washers and other lock washers)
7318.23.00 - Iron or steel, rivets
7318.24.00 - Iron or steel, cotters and cotter pins
7318.29.00 - Iron or steel, nonthreaded articles similar to rivets, cotters, cotter pins, washers and spring washers