News
Trump Pauses Reciprocal Tariffs by 90 days but 10% Continues; China Tariff Going to 125%
U.S. President Donald Trump, on his social media account, said that he will pause high reciprocal tariffs that started today, April 9, for 90 days. However, the 10% tariff imposed on nearly all trading partners will remain. In the same post, Trump said he is increasing the tariff on Chinese imports to 125%, effective immediately.
New U.S. Import Tariff Measures Effective April 4 and April 9, 2025
On April 2, 2025, President Donald J. Trump announced a new national tariff initiative to be implemented in two phases: 1. Universal Baseline Tariff – Effective April 5, 2025 A 10% universal tariff will apply to all imported goods into the United States, regardless of origin. 2. Discounted Reciprocal Tariffs – Effective April 9, 2025 Certain trading partners identified by...
20% Additional Duties on Imports from China and Hong Kong
On March 3, 2025, the Trump Administration implemented an Executive Order to increase the 10% tariff on all imports from China and Hong Kong to 20% on March 4, 2025. The tariff increase applies to products that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. Eastern Standard Time, March 4, 2025. The additional...
China Tariff Increase Goes Into Effect
February 4, 2025, WASHINGTON (AP) — President Donald Trump on Monday agreed to a 30-day pause on his tariff threats against Mexico and Canada as America’s two largest trading partners took steps to appease his concerns about border security. The pauses provide a cool-down period after a tumultuous few days that put North America on the cusp of a trade...