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The second Trump tariffs are trade initiatives announced by Donald Trump, the 47th president of the United States, principally in the form of tariffs on imports starting in 2025. Since before becoming president in 2017, Trump has promoted import tariffs to retaliate against countries he believes are "ripping off" the United States.
A drone view shows shipping containers from China at the Port of Los Angeles in Wilmington, California, on February 4, 2025. - Mike Blake/Reuters
A trade war began between the United States, Canada, and Mexico on February 1, 2025, when U.S. president Donald Trump signed orders imposing near-universal tariffs on goods from the two countries to take effect on February 4.
The first return volley in a new trade clash between China and the United States was fired on Monday as Beijing’s tariffs on nearly $14 billion in US imports came into effect.
As a response to the trade war, China increased the personal income tax threshold from CN¥3,500 to CN¥5,000 (US$705) in January 2019, and reduced the top tier of value added tax from 16% to 13% in April 2019. Income tax deductions were also allowed for family care, medical and educational expenses, as well as for mortgage interest.
The Ministry of Commerce in China said it would file a lawsuit with the World Trade Organization for the “wrongful practices of the U.S.” and take measures to safeguard its rights and interests.
China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10% tariff on crude oil, agricultural machinery and large-engine cars imported from the US from ...
China–United States trade war The United States implements a 10% across-the-board tariff on Chinese products and eliminates the de minimis exemption for exports from China. In response, China imposes retaliatory tariffs on energy products , agricultural equipment , and automobiles from the United States, effective February 10, and export ...