U.S. Tariff Actions Summary
Tariffs on Chinese Imports: Up to 245%, including:
• 10% reciprocal tariff – Initially set at 125%, now reduced to 10% during the 90-day pause.
• 20% fentanyl-linked tariff
• 7.5%–100% additional duties on various goods
Key Changes:
• De Minimis ends May 2 – $800 import exemption scrapped (hits Temu, Shein)
• Sector Tariffs Coming – new duties on electronics, semiconductors, pharma
• Legal Pushback – California sues, citing economic harm
China’s Retaliation Summary
• Tariffs on U.S. goods – down to 10%, reduced from 125%
• Export bans – critical minerals, rare earths
• WTO complaint – against U.S. tariff actions
• No talks – unless based on “mutual respect”
May 12, 2025 – Tariff Pause Announced
After weeks of rising tariffs, the U.S. and China have agreed to a 90-day pause in the trade war. This deal was reached during talks in Geneva. It aims to ease tensions and create space for further talks.
Key outcomes include:
- The U.S. lowers tariffs on Chinese goods from as high as 145% to 30%.
- China reduces its tariffs on U.S. goods from 125% to 30%.
- Both sides agree to set up a new dialogue mechanism for ongoing trade issues.
Markets responded well. Global stock prices rose, and the U.S. dollar strengthened. Still, this is a temporary pause.
Apr 17, 2025
China — No More Negotiation Games
China says it will “pay no attention” to Trump’s “tariff numbers game.”
WTO complaint filed.
U.S. — 245% Cumulative Tariff Confirmed
Total duties on some Chinese goods now reach 245% (reciprocal + fentanyl + 301 + sector-specific).
Apr 11, 2025
U.S. — Final Tariff Increase to 145%
Adds 20% “fentanyl surcharge,” bringing total to 145%.
Customs enforcement tightened for platforms like Temu and Shein.
China — Hits Back at Full Strength
Raises U.S. import duties to 125%.
Halts exports of rare earth magnets and critical minerals.
Apr 10, 2025
China — Tariffs Raised to 84%
New round targets U.S. electronics, agriculture, and auto parts.
Tariff rate climbs to 84%.
Apr 9, 2025
U.S. — Tariff Jumps to 125%
Sharp increase pushes duties on Chinese goods to 125%.
Also expands sanctions on Chinese tech firms.
Apr 4, 2025
China — 34% Counter-Tariff & TikTok Retaliation
China sets 34% tariff on U.S. goods (effective Apr 10).
Also freezes TikTok sale talks.
Apr 2, 2025
U.S. — “Reciprocal Tariff” of 34%
Trump launches a 34% “Liberation Day” tariff, citing unfair practices.
With past duties, this creates a 54% effective rate.
