Episodes

  • US-China Trade War Escalates and Retreats: Trump Imposes Massive Tariffs Before Negotiating 90-Day Truce in 2025

    US-China Trade War Escalates and Retreats: Trump Imposes Massive Tariffs Before Negotiating 90-Day Truce in 2025
    Jun 29 2025
    Listeners, welcome to China Tariff News and Tracker. It’s June 29, 2025, and the US-China tariff landscape has been nothing short of dramatic in recent months—especially with President Donald Trump’s return to the White House and his renewed focus on trade with China.

    Tariffs between the United States and China have shifted significantly since early April, when President Trump announced a sweeping 34 percent “reciprocal tariff” on most Chinese imports. China responded in kind, imposing its own 34 percent levy on US goods and introducing strict new licensing rules that effectively halted American access to Chinese rare-earth minerals and magnets, a key input for many US tech and defense industries, as noted by Wikipedia’s update on April 2 and 10. In just days, the trade standoff escalated, with both sides rapidly raising tariff rates—the US moved to a 104 percent base tariff and then, briefly, to as high as 145 percent, while China matched these steps with retaliatory tariffs reaching up to 125 percent on US goods through mid-April.

    By late April, widespread concerns from US business leaders about surging prices and looming shortages pressured the Trump administration to reconsider its approach. This led to a notable softening of rhetoric from Washington, and by early May, both sides had agreed to reset the tariff standoff. According to a May 12 joint statement released through the White House, President Trump and Chinese officials negotiated a truce: each country suspended the bulk of reciprocal tariffs, lowering them to a 10 percent base rate for an initial 90-day period. China also agreed to suspend non-tariff countermeasures enacted since April, and the US retained some previous baseline duties, such as the Section 301 and Section 232 tariffs still in place from earlier rounds. China Briefing and Thompson Hine both confirm these details, highlighting May 14 as the effective date for these reductions and the start of the ongoing truce period.

    As of today, the average US tariff on Chinese goods stands at about 55 percent, a composite rate that includes the 10 percent baseline plus sector-specific measures—up from just 24 percent at the start of the year but dramatically lower than the springtime peak of more than 120 percent, according to China Briefing’s June 18 update. China, meanwhile, now maintains an average tariff of roughly 10 percent on US goods, with certain anti-dumping duties and special levies on specific products like agricultural commodities and engineering plastics still in effect. The Peterson Institute notes that these rates remain far higher than they were before the Trump administration returned, covering nearly all US-China trade flows.

    Looking ahead, both countries have pledged to enter new talks to address deeper concerns—market access, industrial policy, and technology protection among them—but it’s clear the tariff issue is nowhere near fully resolved. If this fragile truce holds when the current 90-day window expires in August is the next major question on the minds of companies and consumers alike.

    Thanks for tuning in to this edition of China Tariff News and Tracker. Don’t forget to subscribe for the latest updates. This has been a quiet please production, for more check out quiet please dot ai.

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    4 mins
  • US-China Trade War Escalates: New Tariffs Reshape Global Economic Landscape in 2025 Bilateral Negotiations

    US-China Trade War Escalates: New Tariffs Reshape Global Economic Landscape in 2025 Bilateral Negotiations
    Jun 27 2025
    As of June 2025, the US-China trade landscape continues to evolve with significant developments in tariffs. The Trump administration has been actively engaged in trade disputes with China, imposing various tariffs under different acts. According to the White House, recent negotiations have led to modifications in reciprocal tariff rates, reflecting discussions with China to address trade imbalances and national security concerns.

    In early 2025, the US imposed sweeping tariffs on Chinese imports, including a 10% additional tariff on all imports from China, citing issues like illicit opioid distribution and trade imbalances. China responded with retaliatory measures, targeting US exports such as coal and agricultural equipment. These actions have led to a complex tariff structure, with the US imposing tariffs ranging from 10% to 145% on various Chinese imports. The 145% rate includes a 20% tariff on all imports from China plus a 125% tariff on many items, excluding those subject to certain exemptions.

    China's tariffs on US goods have also been adjusted, with rates such as 15% to 25% on products like steel and aluminum under Section 232 retaliatory tariffs, and 2.5% to 25% on items like soybeans and electronics under Section 301 tariffs. More recently, China suspended its initial 34% tariff on the US for 90 days but retained a 10% tariff as part of a broader agreement to reduce tensions and open market access for American exports.

    The World Economic Forum highlights that after negotiations, both the US and China have agreed to lower recent tariffs and continue trade talks. This effort aims to address non-reciprocal trade arrangements and national security concerns.

    Listeners, the ongoing trade dynamics between the US and China are crucial for understanding the global economic landscape. As these negotiations continue, we can expect further adjustments in tariff policies, affecting trade and economic outcomes for both nations.

    Thank you for tuning in to this episode of "China Tariff News and Tracker." Remember to subscribe for more updates on US-China trade relations. This has been a quiet please production, for more check out quietplease.ai.

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    2 mins
  • US-China Trade Truce Offers Temporary Relief as Tariffs Remain High Amid Ongoing Economic Tensions

    US-China Trade Truce Offers Temporary Relief as Tariffs Remain High Amid Ongoing Economic Tensions
    Jun 25 2025
    Welcome to China Tariff News and Tracker. As of June 25, 2025, the landscape of US-China tariffs remains highly dynamic, with significant changes over the past month that every listener should have on their radar.

    Recent weeks have seen a flurry of activity between Washington and Beijing, culminating in a major development on May 12, 2025. President Trump and Chinese officials reached a deal following negotiations in Geneva. Both sides agreed to temporarily reduce tariffs, suspending 24 percentage points of their respective recent tariff hikes for a 90-day window while keeping a 10% baseline tariff in place on all goods traded between the US and China. According to the White House, this agreement was framed as a “historic trade win” for the United States, designed to reduce tit-for-tat escalation and reopen discussions on market access for American exports. China also committed to suspend its non-tariff countermeasures and the US agreed to remove several recent ad valorem tariff increases targeting Chinese goods, offering American farmers, automakers, and manufacturers some short-term relief.

    Despite this truce, tariffs remain at historically high levels compared to the start of the year. The Peterson Institute for International Economics reports that average US tariffs on Chinese exports rose sharply after January 20, 2025—when Trump’s second term began—and currently stand at about 51.1%, covering all Chinese imports. For a brief period in early May, tariffs even reached as high as 126.5% on some Chinese goods before the Geneva agreement brought them back down. On the other side, China’s average tariffs on US exports have climbed to 32.6%, also covering all US-origin goods.

    Listeners should also note that US tariffs on steel and aluminum are again making headlines. On June 3, 2025, President Trump announced an increase in Section 232 tariffs on steel and aluminum imports from 25% to 50%. This move, intended to counter what the administration calls “unfair trade practices” and overcapacity, is already impacting global metals markets and could have ripple effects on both US manufacturers and allied exporters.

    The Budget Lab at Yale warns these tariffs are likely to contribute to higher consumer prices, with an estimated 1.5% short-run increase in overall costs if the Federal Reserve does not intervene. Trade compliance experts caution that while the immediate truce has offered some certainty, these measures could quickly change again if negotiations stall.

    As the 90-day window for the current suspension of major tariff increases ticks down, all eyes are on upcoming US-China trade talks. The outcome could determine whether elevated tariffs stick or if further reductions are in store.

    Thanks for tuning in to China Tariff News and Tracker. Don’t forget to subscribe for the latest updates on tariffs, trade negotiations, and global economic impacts. This has been a Quiet Please production, for more check out quietplease dot ai.

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    3 mins
  • US-China Trade Truce Breaks Ground: Trump Secures 55% Tariff Rate and Promises Stability in Global Economic Landscape

    US-China Trade Truce Breaks Ground: Trump Secures 55% Tariff Rate and Promises Stability in Global Economic Landscape
    Jun 22 2025
    Welcome, listeners, to China Tariff News and Tracker, your source for the latest on tariffs, trade headlines, and the evolving relationship between the US, China, and the Trump administration.

    This week, major news has broken on the tariff front, reshaping the global trade landscape. After months of volatility, President Donald Trump announced what he called a “done deal” with China, following intensive negotiations in London and Geneva. Both countries have agreed to reduce tariffs and suspend several non-tariff retaliation measures that were implemented earlier this spring.

    For US importers, the most critical change is the current effective tariff rate on Chinese goods. As of today, the United States is imposing a 55% tariff on nearly all imports from China, up sharply from 30% just a month ago. This 55% is a composite figure: it includes a 10% baseline “reciprocal” tariff that Trump imposed on nearly all US trading partners beginning in April, a 20% surcharge on all Chinese imports, and a pre-existing 25% levy from Trump’s earlier term. US Commerce Secretary Howard Lutnick has confirmed in multiple interviews that the 55% rate will “definitely” not change in the near term, and the White House notes this is part of a broader Trump strategy targeting perceived trade imbalances.

    According to the World Trade Organization’s Tariff & Trade Data tracker, the tariff war reached a peak of over 140% on select Chinese goods back in April, before the truce. The new agreement, effective since mid-May, lowers the US average tariff on Chinese imports to the current 55% level, while China has reduced its tariffs on US goods to 10%. China has also committed to suspending or removing all non-tariff countermeasures put in place since April 2, which had hampered US exports and investment.

    President Trump called the new agreement “historic,” emphasizing future cooperation. He went further on Truth Social, stating, “Full magnets, and any necessary rare earths, will be supplied, up front, by China,” and reaffirmed that Chinese students would continue to access American universities—a flashpoint in previous rounds of negotiation.

    Meanwhile, China’s foreign ministry has underscored the country’s commitment to honoring the deal. Spokesperson Lin Jian declared, “Now that a consensus has been reached, both sides should abide by it,” pointing toward a period of fragile but restored stability.

    Listeners should note that the tariff rates are scheduled for review in August, with the US 10% temporary reduction possibly reverting to 34% if no further deal is reached. Businesses and consumers on both sides are watching closely, weighing the impact on prices, supply chains, and global trade flows.

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

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    3 mins
  • US-China Tariff Breakthrough: Trump Cuts Rates, Reduces Trade Tensions, and Sets New Economic Baseline for 2025

    US-China Tariff Breakthrough: Trump Cuts Rates, Reduces Trade Tensions, and Sets New Economic Baseline for 2025
    Jun 20 2025
    Welcome to “China Tariff News and Tracker,” your go-to source for the latest headline developments on US tariffs, President Trump, and the evolving relationship with China.

    As of June 20, 2025, US-China tariff policy is in a period of rapid transition. On May 12, President Donald Trump reached an agreement with China to partially reduce tariffs and end a tit-for-tat retaliation cycle. Both countries have agreed to cut their previously announced tariffs by 115 percent, while retaining a new baseline tariff of 10 percent on all bilateral goods trade. This deal was formalized after marquee negotiations in Geneva and London, with President Trump declaring it a “historic win” for American workers and industries. China, in turn, agreed to suspend its previous 34 percent retaliatory tariff for 90 days and roll back a host of non-tariff barriers introduced since April. This deal has set the stage for ongoing discussions aimed at further market access and opening up trade for American exports, especially in key sectors like agriculture, energy, and technology, according to the White House.

    The tariff structure right now is anything but simple. All Chinese imports to the United States are subject to a 10 percent reciprocal baseline tariff under the International Emergency Economic Powers Act, which took effect in April 2025. Some products, notably those linked to fentanyl precursor shipments, are hit with an additional 20 percent, raising their tariff to an effective 30 percent. Goods that fall under existing Section 301 actions—typically targeting technology and intellectual property abuses—face a 25 percent tariff on top of the baseline, resulting in a total rate of 35 percent for those items. So, for listeners, if you’re importing electronics or other designated products from China, your total tariff burden can be substantially higher.

    Consumers and businesses are already feeling these changes. The Budget Lab at Yale reports that the overall average effective US tariff rate stands at 15.8 percent, the highest since 1936, and after market adjustments, it’s projected to settle around 14.7 percent. This has pushed up the general price level by roughly 1.5 percent in the short run and, for households, the average annual income loss is pegged at $2,000 in 2025 dollars. Sectors like clothing and footwear are especially hard-hit, with short-term shoe prices up 33 percent and apparel up 28 percent. That means for many everyday products, the sticker shock is real.

    For those tracking the big picture, the United States’ effective tariff rate on China peaked at over 126 percent in early May before this recent round of negotiations and reductions. Today, while down from those historic highs, average US tariffs on Chinese exports still stand at over 51 percent, covering the entire spectrum of goods moving between the two economic giants.

    That’s the state of play as of June 20, 2025. Thanks for tuning in to “China Tariff News and Tracker.” Don’t forget to subscribe for our weekly updates and deep dives on US-China economic news. This has been a quiet please production, for more check out quiet please dot ai.

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    3 mins
  • US China Trade Talks Reach Breakthrough Trump Administration Secures New Tariff Framework with Reduced Duties on Both Sides

    US China Trade Talks Reach Breakthrough Trump Administration Secures New Tariff Framework with Reduced Duties on Both Sides
    Jun 20 2025
    Welcome to China Tariff News and Tracker. Today is June 20, 2025, and we have important updates on the latest tariff developments between the United States and China, as well as news from the Trump administration.

    The US-China trade relationship remains at the center of global economic attention this June, with significant shifts in the tariff landscape following months of negotiations and policy changes. The Trump administration has solidified a baseline reciprocal tariff of 10 percent on all Chinese imports under the International Emergency Economic Powers Act, effective since April 5, 2025, as reported by FreightWaves. This forms the foundation of the current tariff regime.

    On top of the 10 percent baseline, specific Chinese imports linked to fentanyl precursor chemicals have faced an additional 20 percent tariff since February of this year. Furthermore, certain goods, particularly electronics and products tied to allegations of intellectual property theft, are subject to Section 301 measures, bringing their total tariff rates to 35 percent. For example, imports of electronics under Section 301 currently see a 35 percent duty, while non-fentanyl, non-Section 301 goods such as apparel are levied at the 10 percent baseline.

    High-level negotiations in London earlier this month produced a pending framework agreement between the United States and China. This deal, still awaiting final signatures from Presidents Trump and Xi, is designed to stabilize trade relations and address persistent disputes, including China’s controls on rare earth exports and the US effort to secure a reliable semiconductor supply. According to FreightWaves, the agreement builds on consensus reached in Geneva in May and seeks to balance trade imbalances, crack down on fentanyl-related shipments, and deter unfair trade practices.

    The White House recently highlighted in an official fact sheet that as part of these negotiations, both the US and China agreed to lower some of the steep tariffs implemented earlier in the year. Each side is reducing tariffs by 115 percent while retaining a 10 percent tariff as a baseline, with China suspending its recent retaliatory tariffs for a 90-day period. This marks a major de-escalation from the peak in early May, when average US tariffs on Chinese imports reached as high as 126.5 percent, as the Peterson Institute for International Economics reports.

    Analysts from Yale’s Budget Lab note that the average effective US tariff rate on Chinese imports has stabilized at around 10 percent under current policy, following a sharp climb earlier in the year. The Trump administration’s broader strategy involves a global application of reciprocal tariffs, with the China policy serving as a central model.

    Thank you for tuning in to China Tariff News and Tracker. Make sure to subscribe for all the most current stories and analysis on the China-US trade front.

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    3 mins
  • US and China Reach Breakthrough Trade Deal Lowering Tariffs and Easing Tensions in Historic 90-Day Economic Agreement

    US and China Reach Breakthrough Trade Deal Lowering Tariffs and Easing Tensions in Historic 90-Day Economic Agreement
    Jun 19 2025
    Welcome to “China Tariff News and Tracker,” where we bring listeners the latest updates on U.S.-China trade measures, tariff rates, and headlines impacting both economies.

    Today, the landscape of U.S.-China tariffs is shifting fast as the Trump administration enacts sweeping trade policies and negotiates new agreements with Beijing. Most recently, the United States and China reached a breakthrough understanding to ease several tariffs, with both countries agreeing to reduce duties and suspend retaliatory measures for a 90-day period. According to a White House fact sheet issued after high-level negotiations in May, both sides have lowered their most recent tariff rates by 115%, while retaining a baseline 10% tariff on imports from each other. China also pledged to lift its non-tariff countermeasures and suspend the retaliatory tariffs it rolled out in early April, setting the stage for smoother trade flows over the summer.

    For listeners tracking tariff numbers and timelines, here’s the current breakdown: As of April 5, 2025, a baseline 10% reciprocal tariff has applied to all Chinese goods entering the United States under the International Emergency Economic Powers Act. In addition, the Trump administration imposed a targeted 20% tariff on specific Chinese imports linked to fentanyl precursor shipments earlier this year. Certain high-priority sectors, such as electronics and machinery cited under Section 301, face a combined effective tariff of 35%. These rates are designed to counterbalance unfair trade practices and incentivize cooperation on critical issues like intellectual property and illicit substances, as reported by FreightWaves and other outlets.

    The latest agreement, formalized in Geneva and London, kicked off on May 14, 2025. For U.S. imports from China, the duty rate dropped to 10% for goods entered after that date, temporarily suspended from a previously announced 34% rate. That suspension is scheduled to last 90 days, taking us to mid-August—unless the administration extends the reprieve or revises the tariff schedule. China, in turn, matched that move by cutting its tariffs on U.S. goods to 10% and removing various non-tariff barriers. The White House has called this mutual reduction a “historic trade win,” vowing to monitor compliance and revisit talks later this summer.

    Despite the easing, listeners should note that the White House has reserved the right to restore higher tariffs if China fails to uphold terms related to fentanyl control or intellectual property enforcement. The tariff structure remains complex: all Chinese goods face the 10% baseline, fentanyl-linked goods are hit with a total 30%, and Section 301 goods face 35%.

    With headlines closely following the July 9 deadline to finalize the new trade deal, all eyes are on whether Presidents Trump and Xi will sign off on the framework agreement, or if further escalation is on the horizon.

    Thanks for tuning in to China Tariff News and Tracker. Be sure to subscribe for our next update, and remember—this has been a Quiet Please production. For more, check out quietplease.ai.

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    3 mins
  • US and China Reach Temporary Trade Truce Reducing Tariffs by 24 Percentage Points in Landmark 90-Day Agreement

    US and China Reach Temporary Trade Truce Reducing Tariffs by 24 Percentage Points in Landmark 90-Day Agreement
    Jun 1 2025
    Welcome to China Tariff News and Tracker. Today we're bringing you the latest on US-China trade relations.

    As of June 1, 2025, US tariffs on Chinese imports remain at a temporarily reduced rate following the significant trade agreement reached between the two economic powers last month. On May 12, the United States and China issued a joint statement announcing a mutual reduction in tariff rates for an initial 90-day period.

    The US has suspended 24 percentage points of the additional tariffs imposed on April 2, 2025, while maintaining a baseline 10% tariff on Chinese goods. This move brought down the effective US tariff rate on Chinese imports from approximately 51% to about 30%, providing some relief to importers and consumers facing higher prices.

    China reciprocated by suspending 24 percentage points of its retaliatory tariffs while maintaining a 10% additional rate on US goods. China also agreed to remove non-tariff countermeasures implemented against the US since April 2.

    This temporary truce comes after President Trump's sweeping "Liberation Day" tariff initiative announced on April 2, which had raised duties on Chinese imports to 54%. The administration had imposed a universal 10% baseline tariff on all imports entering the United States, with China facing an additional 34% on top of previously existing 20% tariffs.

    The current 90-day reduced tariff period is set to expire in mid-August, leaving businesses uncertain about future trade conditions. Trade experts are closely watching negotiations between the two countries to see if this temporary reduction will be extended or if tariffs will return to their previous higher levels.

    Despite the temporary reduction, US tariffs on Chinese goods remain historically high at around 30%. Before the Trump administration's trade actions, average US tariffs on Chinese exports were significantly lower. The current rate represents a substantial trade barrier that continues to impact global supply chains and consumer prices.

    Economic analysts note that these tariff reductions have helped ease some inflationary pressures, though the remaining tariffs still represent a significant tax on American consumers and businesses that import Chinese goods.

    Thank you for tuning in to China Tariff News and Tracker. Be sure to subscribe for ongoing updates as this trade situation continues to evolve. This has been a quiet please production, for more check out quiet please dot ai.

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    3 mins