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The new Trump tariff could subtract 0.4 percentage points from China’s 2025 GDP growth, Larry Hu, Macquarie’s chief China economist, estimated in a note published Monday.
When President Trump pushed ahead with a 10% tariff on all Chinese merchandise, he also closed the century-old de minimis exemption, which allows packages worth under $800 to be shipped into the ...
But several items have been exempt from tariffs. One of the biggest exemptions: consumer electronics. But if Trump proceeds with a 10% blanket tariff on Chinese goods that would no longer be the case.
The Ministry of Commerce of China condemned Trump's tariffs, announced China would file a legal case against the US in the World Trade Organization, and said China "will take corresponding countermeasures to firmly safeguard its rights and interests". [40] The United States' 10% tariffs on all Chinese goods went into effect on February 4 2025.
BEIJING — China's government on Sunday denounced the Trump administration's imposition of a long-threatened 10% tariff on Chinese imports while leaving the door open for talks with the U.S. that ...
The fresh duties, announced by China’s Ministry of Finance, levy a 15% tax on certain types of coal and liquefied natural gas and a 10% tariff on crude oil, agricultural machinery, large ...
The 10% additional tariff on imported Chinese goods came into force at 12:01 a.m., ... Trump’s new 10% tariffs on China take effect — Beijing responds with retaliatory taxes on US imports.
[10] [11] China implemented retaliatory tariffs equivalent to the $34 billion tariff imposed on it by the U.S. [12] In July 2018, the Trump administration announced it would use a Great Depression-era program, the Commodity Credit Corporation (CCC), to pay farmers up to $12 billion, increasing the transfers to farmers to $28 billion in May 2019 ...