Episodios

  • US and China Agree to 90Day Tariff Truce Reducing Rates Significantly and Halting Escalating Trade War

    US and China Agree to 90Day Tariff Truce Reducing Rates Significantly and Halting Escalating Trade War
    May 22 2025
    Listeners, welcome to China Tariff News and Tracker, your go-to update on all the latest developments in the ongoing economic and trade dynamic between the United States and China.

    This week, headline news centers on a significant breakthrough in U.S.-China trade tensions. After months of escalating tit-for-tat tariffs, both the United States and China have agreed to a mutual reduction in tariff rates, marking a notable pause in the tariff war that has dominated headlines since early this year. On May 12, President Trump and Chinese officials announced a 90-day truce, each side slashing its respective tariffs by 115 percentage points. For U.S. importers, this means the tariff rate on Chinese goods has dropped from a staggering 126.5 percent down to 30 percent, while China has reduced its tariffs on U.S. goods to 10 percent. This brings rates closer to their pre-escalation levels, though they remain considerably higher than a year ago.

    However, it’s vital to keep in mind that these reductions are temporary. According to the White House’s joint statement with the People’s Republic of China, these new rates will be in effect for an initial period of 90 days, during which both countries have committed to further negotiations. This step back from the brink is widely seen as a bid to avoid a wider economic fallout and to stabilize global markets, although the temporary nature of the agreement leaves room for considerable uncertainty down the road.

    Even with this truce, the effective U.S. tariff rate on most Chinese goods hovers around 40 percent when additional universal and sector-specific tariffs are factored in. Sectoral carveouts remain in place, most notably for electronics, which are exempt from the current “reciprocal” tariffs. Both nations have left the door open for additional negotiations, but trade experts warn that the damage to U.S. trade credibility and global supply chains may not be so easily undone, especially as these repeated escalations have sent ripple effects through the world economy.

    As for the Trump administration, this truce comes after a series of aggressive tariff increases that began on February 4, with a sweeping 10 percent tariff on all Chinese imports, followed by multiple surges peaking at over 125 percent. The administration’s goal, according to the Council on Foreign Relations and Treasury officials, has been to apply maximum leverage while still allowing room for negotiation. The current pause follows China’s own retaliatory measures, which had raised their average tariffs on U.S. exports by over 50 percent since January.

    As we close out today’s update, the critical question remains: will this fragile truce lay the groundwork for a lasting agreement, or are we simply in a brief lull before the next round of escalation? Stay tuned as we continue to track these historic developments.

    Thank you for tuning in, and don’t forget to subscribe for the latest news and expert insight. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    Más Menos
    3 m
  • US and China Reach Temporary Tariff Deal Reducing Trade Tensions and Cutting Effective Tariff Rates Significantly

    US and China Reach Temporary Tariff Deal Reducing Trade Tensions and Cutting Effective Tariff Rates Significantly
    May 15 2025
    Welcome back, listeners, to China Tariff News and Tracker for May 15, 2025. In a major development this week, the United States and China have reached a temporary agreement to ease tariffs, bringing some relief after months of rising trade tensions and protectionist measures.

    According to the official White House statement issued on May 12, both countries have committed to suspending significant portions of their recent tariff hikes for at least 90 days, while leaving a 10% baseline tariff in place on each other's goods. The United States will suspend 24 percentage points of its additional tariffs on Chinese imports set by recent executive orders, while China will implement a parallel suspension on U.S. goods. Both sides are also rolling back non-tariff countermeasures imposed since April, and are establishing a bilateral mechanism for ongoing economic talks, to be led on the U.S. side by Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, and on the Chinese side by Vice Premier He Lifeng, with further meetings expected in both countries or in neutral locations.

    The Budget Lab at Yale notes that, as a result of this temporary reduction, the average effective U.S. tariff rate now stands at 17.8%, which is still the highest in over 90 years but marks a meaningful decline from the peaks of recent weeks. The average rate is expected to drop further to 16.4% after market adjustments. Fitch Ratings reports that Monday's deal alone cut the U.S. effective tariff rate from about 23% to 13%. However, they stress that this de-escalation does not yet signal a return to normal trading relations.

    These changes follow a dramatic escalation in tariffs this spring, when President Trump invoked emergency powers to impose a baseline 10% tariff on all imports to the U.S. and additional country-specific hikes on 57 nations, including a cumulative 54% rate on Chinese goods. At the height of the standoff, China responded in kind with its own tariffs, some as high as 125% or more on U.S. products. With the current agreement, China will also suspend its recent 34% tariff on U.S. goods for 90 days, keeping only the 10% rate in place, and will remove further non-tariff barriers announced this spring.

    Despite this temporary thaw, U.S. tariffs on Chinese imports remain the highest at 31.8% when combining previous and current measures, according to Fitch. The White House bills this as a historic win, highlighting, in their words, President Trump’s unparalleled deal-making abilities. Yet, economic analysis from The Budget Lab warns that, even with these reductions, the higher tariffs have increased consumer prices by up to 1.7% for 2025, costing the average American household an estimated $2,800.

    That’s the latest on tariffs between the U.S., China, and the Trump administration. Thanks for tuning in to China Tariff News and Tracker. Don’t forget to subscribe for all the latest updates on trade policy and tariffs. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    Más Menos
    3 m
  • US China Trade War Escalates: Tariffs Soar to 124.1% Amid Trump Administration's Aggressive Economic Measures

    US China Trade War Escalates: Tariffs Soar to 124.1% Amid Trump Administration's Aggressive Economic Measures
    May 11 2025
    Welcome to the China Tariff News and Tracker podcast. Let's dive straight into the latest developments.

    The US-China trade war has reached unprecedented levels as we move through May 2025, with US tariffs on Chinese exports now standing at a staggering 124.1 percent. These rates are more than 40 times higher than before the tariff war began in 2018 and six times higher than they were when Trump took office in January this year.

    The escalation began early this year with 10 percentage point increases implemented in February and March. The situation intensified dramatically in April when President Trump announced his "Liberation Day" initiative, aimed at addressing what he called "the national emergency posed by the large and persistent trade deficit."

    On April 2nd, the White House imposed a universal 10 percent tariff on all imports, which took effect on April 5th. For China specifically, an additional 34 percent tariff was announced, which was later increased to 84 percent on April 9th following China's retaliatory measures.

    China has not taken these actions lightly. In early April, Beijing announced a 34 percent blanket retaliatory tariff on all US goods, alongside export restrictions on rare earth elements and sanctions against 30 US defense-related organizations. According to the Peterson Institute for International Economics, China has retaliated in three tranches, lifting its average tariff on US exports to a remarkable 147.6 percent.

    The trade war has expanded beyond just tariffs. On April 8th, Trump signed an executive order officially ending the de minimis exemption for low-value shipments from China, Hong Kong, and Macau, effective May 2nd. This removed the $800 USD duty-free threshold that many cross-border e-commerce businesses relied on.

    For businesses importing from China, the "postal carve-out" for Chinese-origin orders has been updated to 90% of the value or $75 per package as of May 2nd, with another increase to $150 or 90% scheduled for June 1st.

    One small relief for publishers and booksellers: books remain exempt from these new tariffs as they qualify as "informational materials" under the International Economic Emergency Powers Act.

    Economists warn these exceptionally high tariffs are likely to significantly impact macroeconomic aggregates, trade patterns, and the structure of global value chains in the coming months.

    Thank you for tuning in to China Tariff News and Tracker. Don't forget to subscribe for regular updates on this evolving situation. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    Más Menos
    3 m
  • US-China Trade War Escalates: Massive 145% Tariffs Shock Global Markets and Reshape International Commerce

    US-China Trade War Escalates: Massive 145% Tariffs Shock Global Markets and Reshape International Commerce
    May 8 2025
    Welcome to China Tariff News and Tracker, where we bring you the latest developments in the ongoing U.S.-China trade tensions.

    In a significant escalation, President Trump's administration has dramatically increased tariffs on Chinese imports to unprecedented levels. As of May 2025, U.S. goods imported from China are now subject to a staggering 145% tariff rate, up from the initial 54% announced in early April.

    This sharp increase came after a series of rapid developments. On April 2, the White House declared a "national emergency" due to trade imbalances, implementing a baseline 10% tariff on all imports. For China specifically, an additional 34% tariff was added on top of the existing 20%, bringing the total to 54%.

    Just days later, on April 9, the Trump administration raised the reciprocal tariff rate on China from 34% to 84%, bringing the total to 104%. This increase was implemented after China failed to repeal a 34% duty it had placed on U.S. goods.

    In retaliation, China's Ministry of Finance immediately raised tariffs on U.S. goods to 84%, effective April 10. By April 11, China's State Council Tariff Commission further increased duties on U.S. imports to 125%.

    The trade war has extended beyond traditional imports. The Trump administration has also targeted small shipments with a new de minimis duty rate. Parcels valued under $800 arriving from mainland China and Hong Kong now face a 90% tariff, with a per-item fee of $75 that rose to $150 on June 1.

    Economists at Yale's Budget Lab report that these measures have pushed the U.S. average effective tariff rate to 28%, the highest since 1901. They predict a substantial shift in China's share of U.S. imports, potentially dropping from 14% to just 3% as American businesses seek alternatives.

    Notably, certain goods remain exempt from these tariffs. Books and other "informational materials" are not subject to additional duties because the tariffs were imposed under the International Economic Emergency Powers Act.

    The impact of these tariffs on consumer prices and supply chains continues to evolve as businesses adapt to this new trade landscape.

    Thank you for tuning in to China Tariff News and Tracker. Make sure to subscribe for regular updates on this developing situation. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    Más Menos
    3 m
  • Trump Imposes Massive 125 Percent Tariffs on China Escalating Trade War to Highest Levels in Over a Century

    Trump Imposes Massive 125 Percent Tariffs on China Escalating Trade War to Highest Levels in Over a Century
    May 4 2025
    Listeners, welcome back to China Tariff News and Tracker. Today is Sunday, May 4th, 2025, and there has been a flurry of new developments in U.S.-China trade relations under President Trump’s administration.

    On April 2, President Trump invoked the International Economic Emergency Powers Act to announce sweeping “reciprocal tariffs” aimed at correcting what he called a national emergency created by persistent trade deficits and a lack of reciprocity in international trade. The big headline is the White House’s imposition of a universal 10 percent tariff on goods from all countries, but China faces drastically higher rates. Trump’s executive order established a baseline 10 percent tariff, with specific countries, including China, subject to much steeper tariffs over a series of escalations this spring.

    By April 9, the Trump administration had increased tariffs on most imports from China to a whopping 125 percent, responding to what it claims are China’s unfair trade practices and retaliatory measures. According to analysis from Yale’s Budget Lab, this means that, before American consumers and businesses have time to change their supply chains, the effective U.S. average tariff rate has soared to 28 percent, the highest since 1901. This jump reflects the immediate, full brunt of the new China tariffs. However, as U.S. companies shift away from Chinese imports toward other countries, the impact lessens but remains significant, pushing the effective rate to 18 percent—still the most in nearly a century.

    China was quick to retaliate. On April 10, China’s State Council Tariff Commission hiked tariffs on U.S. imports to 84 percent and published a white paper calling for cooperation but warning of firm counteraction should restrictions continue. Chinese authorities have also expanded their export control list, targeting U.S. companies with new restrictions on trade and investment.

    There are complex exemptions at play. Informational materials, such as books, are not subject to these new tariffs due to protections in the International Economic Emergency Powers Act. Electronics have also been carved out from some tariff rounds after industry lobbying and supply chain concerns.

    President Trump argues these reciprocal tariffs correct years of trade imbalances by matching or surpassing foreign tariff rates. However, FactCheck.org notes that the administration’s claims about foreign tariffs may be exaggerated, including figures based not just on tariffs but currency manipulation and non-tariff barriers.

    Listeners, U.S.-China trade tensions remain at a high, and both governments appear dug in for a long standoff. The full ripple effects for consumers, manufacturers, and global supply chains are still developing, and we’ll continue to track the fallout from these historic tariff hikes.

    Thanks for tuning in to China Tariff News and Tracker. Don’t forget to subscribe so you never miss an update. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    Más Menos
    3 m
  • US China Trade War Escalates with Unprecedented 125 Percent Tariffs Raising Global Economic Tensions to Historic Levels

    US China Trade War Escalates with Unprecedented 125 Percent Tariffs Raising Global Economic Tensions to Historic Levels
    Apr 17 2025
    Today on China Tariff News and Tracker we’re covering a wave of unprecedented tariff actions and the latest in the fast-evolving tariff standoff between the United States and China under President Trump’s second administration.

    On April 9, 2025, President Trump executed a dramatic escalation by raising the US tariff rate on imports from China to 125 percent, marking the most significant jump in US-China trade tensions since the original trade war began in 2018. According to The Budget Lab at Yale, this action has propelled the average effective US tariff rate to as high as 28 percent—levels not seen since 1901 if there is no immediate shift in import behavior. If US businesses and consumers react by shifting purchases away from China, the average rate would still settle at 18 percent, the highest since 1934. The share of Chinese imports is expected to plummet from 14 percent to just 3 percent, a clear sign of the tariffs’ intended economic impact.

    The Peterson Institute for International Economics reports that tariffs on Chinese goods now stand at 124.1 percent, more than 40 times higher than pre-2018 levels. The cumulative increase under the Trump administrations is staggering—a 103.3 percentage point jump in the current term alone. These dramatic moves are part of a pattern: on February 4 and March 4, 2025, the US imposed two rounds of 10 percent tariff hikes on all Chinese imports. Then, following retaliatory Chinese moves, the administration responded further by raising tariffs on various foreign goods, but with China facing the most severe penalties.

    In response, China retaliated swiftly and forcefully. On April 10, 2025, China’s State Council Tariff Commission matched the US with its own 84 percent retaliatory tariff against US goods and expanded trade restrictions on a dozen US companies, banning key technology and strategic exports between those entities and China. The Chinese government has publicly stated, through its Ministry of Commerce, that it still seeks dialogue but will not hesitate to escalate countermeasures if the US continues to push forward with economic restrictions.

    President Trump’s trade strategy is rooted in what he calls “reciprocal tariffs,” aiming to match or exceed other nations’ tariff rates. While this approach drew a mixed reaction domestically and globally, it’s clear he views tariffs as a tool for economic leverage. Analysts, policymakers, and business leaders are watching closely to see if this tit-for-tat spiral will push the two superpowers toward a broader trade confrontation or force a new round of negotiations.

    Thanks for tuning in to China Tariff News and Tracker. Don’t forget to subscribe for the latest updates on this rapidly changing story. This has been a Quiet Please production, for more check out quietplease dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    Más Menos
    3 m
  • US-China Trade War Escalates: Trump Raises Tariffs to 145 Percent Amid Mounting Economic Tensions

    US-China Trade War Escalates: Trump Raises Tariffs to 145 Percent Amid Mounting Economic Tensions
    Apr 14 2025
    Welcome to "China Tariff News and Tracker." Let’s dive into the latest updates on tariffs between the United States and China. The ongoing trade tensions have escalated significantly over the past week, with both nations implementing sweeping tariff changes.

    On April 8, 2025, President Trump issued an executive order modifying U.S. tariffs on Chinese imports under Executive Order 14257. This followed considerable retaliation from China, which recently imposed a 34 percent tariff on all U.S. goods entering their market. In response, the United States increased its tariffs on Chinese imports to 84 percent as of April 9, 2025. The White House stated that these actions were necessary to address threats to U.S. national security and economic stability. The administration emphasized that these measures reflect a broader strategy to combat what is seen as unfair trade practices by China.

    These developments build on a series of policy shifts. Early this month, a blanket 10 percent tariff on imports from all countries took effect on April 5. For China, however, a significantly higher rate applies. The Trump administration raised tariffs on Chinese goods to 125 percent on April 9, 2025, under reciprocal tariff mechanisms. Factor in additional penalties under the International Economic Emergency Powers Act, and the effective rate on most Chinese imports reaches 145 percent, effectively making Chinese goods prohibitively expensive for U.S. buyers. These tariffs have affected sectors far beyond manufacturing, extending their impact to consumers and businesses reliant on imported goods.

    Meanwhile, China's State Council Tariff Commission confirmed new measures in retaliation to the U.S. tariffs. The commissioned actions include higher duties on U.S. exports, signaling continuing tensions without any immediate resolution in sight. Analysts warn that this tit-for-tat tariff escalation will have significant long-term repercussions, including increased costs for goods and strained global supply chains.

    It’s worth noting how this escalating tariff environment fits into the broader trade strategies of the Trump administration. President Trump has consistently emphasized his “America First” trade policy, underscoring tariffs as a key tool to reduce trade deficits and encourage domestic manufacturing. In January, he ended a de minimis exemption for low-value imports, a move aimed at curbing what the administration sees as misuse of trade loopholes by companies exporting from China.

    These actions come as part of a second-term agenda heavily focused on trade disputes with China. Despite the administration signaling interest in revising prior trade agreements, the sharp rise in tariffs and retaliatory measures suggests there’s little room for negotiation at this time.

    Thank you for tuning in to "China Tariff News and Tracker." Don’t forget to subscribe. This has been a Quiet Please production. For more, check out quietplease.ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
    Más Menos
    3 m
  • US Imposes Record 125% Tariffs on China Amid Escalating Trade War, Threatening Global Economic Stability

    US Imposes Record 125% Tariffs on China Amid Escalating Trade War, Threatening Global Economic Stability
    Apr 11 2025
    Welcome to "China Tariff News and Tracker." Today is April 11, 2025, and there have been significant developments in U.S.-China trade relations that demand attention. Many of these changes stem from a recent series of executive orders and policy shifts under President Trump, with tariffs on Chinese goods reaching new highs.

    Just this week, President Trump escalated tariffs on all goods from China to 125%, a dramatic increase from the previous rate of 84%. This policy, effective April 9, was implemented under the broader strategy outlined in the April 2 Executive Order titled “Regulating Imports with a Reciprocal Tariff.” The administration justified this increase as a response to a national emergency caused by persistent trade deficits and non-reciprocal trade relationships. The intent is to use tariffs as leverage to address what the administration deems as unfair practices by China and other trading partners. In the same move, tariffs on goods from most other nations were temporarily reduced to 10% for a 90-day period, marking a stark contrast to the punitive measures targeting China.

    The White House has argued that these tariffs are necessary to rebuild domestic manufacturing, secure critical supply chains, and ensure economic sovereignty. However, this policy has not gone unanswered. On April 4, the Chinese government announced a retaliatory 34% tariff on all U.S. imports, effective April 10. This tit-for-tat escalation reflects the sharp tensions between the two economic superpowers and raises concerns about prolonged trade disruptions.

    These latest tariff hikes are part of Trump’s broader "America First Trade Policy," which seeks to realign global trade to benefit U.S. industries and workers. The administration has cited China's alleged practices, such as currency manipulation and subsidies to its domestic industries, as underlying reasons for these aggressive trade measures.

    Listeners should note that certain goods, like books and other informational materials, remain exempt from these tariff increases, thanks to protections under existing trade laws. However, the larger economic impact of these changes is already being felt across sectors. Businesses relying on Chinese imports are facing steep costs, and consumers could soon see higher prices on goods.

    That wraps up today’s update. Thank you for tuning in to "China Tariff News and Tracker." Be sure to subscribe for future episodes to stay informed on developments in U.S.-China trade. This has been a Quiet Please production. For more, check out quietplease.ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Qhttps%3A%2F%2Famzn.to%2F4iaM94Q
    Más Menos
    3 m
adbl_web_global_use_to_activate_T1_webcro805_stickypopup