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Trump, who has threatened to slap tariffs of 10% to 60% on goods from China, takes office on Jan. 20. During his first term, Trump mainly targeted Chinese parts and components.
China’s exports to the U.S. peaked in December at $48.8 billion, the highest monthly total of 2024, according to a report this week from China’s General Administration of Customs.
Critics of de minimis say it contributes to the United States' trade deficit with China - $279 billion in 2023, according to the U.S. Census Bureau. (Reporting by Michael Martina; Editing by Rod ...
Following the announcement of export controls, the share prices in both United States and China high-tech sectors dropped. [ 12 ] : 118 Days after the BIS announcement, the head of a leading Taiwanese supplier to Apple warned the tech world to get ready for “casualties and consequences” from the U.S. measures, likening them to ...
[110] [111] [112] China's Commerce Ministry accused the United States of launching a trade war and said China would respond in kind with similar tariffs for US imports, starting on July 6. [113] Three days later, the White House declared that the United States would impose additional 10% tariffs on another $200 billion worth of Chinese imports ...
China on Thursday said it was adding dozens of American companies to its export control list to "safeguard national security and interests." China's Ministry of Commerce said it would impose ...
Whereas national security reasons were cited for the tariffs, it has been noted that tariffs primarily harm American allies, not enemies; the United States imports very little steel and aluminum from China directly. [102] Trade experts furthermore noted that the United States already produces more than two-thirds of its own steel. [100]
China's Ministry of Commerce said it would immediately halt exports to the US of materials that could be used for both civilian and military purposes.