Trump China Tariffs Now at Least 145% as Trade War Ramps Up

[BumRushDaShow]

Source: Bloomberg

April 10, 2025 at 11:15 AM EDT
Updated on April 10, 2025 at 11:46 AM EDT


President Donald Trump’s tariffs on Chinese imports are now at least 145%, far above the level many economists said could decimate US-China trade. Trump is imposing a 125% charge designed to both counter America’s trade deficit with China and punish Beijing for retaliating against US import taxes. The number, published in a White House memo Thursday, comes in addition to a 20% levy put into place earlier this year over China’s role in fentanyl trafficking.

The staggering US tariffs on the world’s second largest economy have triggered a tit-for-tat trade war that has unnerved global financial markets. Stocks fell on Thursday one day after the biggest buying spree in years, as investors braced for more trade hostility. The S&P 500 Index fell about 3.5% on the news, as euphoria again gave way to unease.

Trump’s tariff rollout has been marked by confusion, as Trump has repeatedly shifted course. The president on Wednesday put off plans to impose higher levies on dozens of nations hours after they went into place, even as he escalated his trade fight with Beijing.

The US’s other trading partners will face a 10% blanket import tax to allow for a 90-day period to negotiate individual trade agreements. If that doesn’t succeed, the higher duties are set to go into place on July 9. The president’s order published Thursday raised taxes even further on small packages from China that were previously not taxed, which could hit American shoppers purchasing goods from retailers like Temu and SheIn Group Ltd.

Read more: https://www.bloomberg.com/news/articles/2025-04-10/trump-tariffs-on-china-now-at-least-145-as-trade-war-ramps-up?srnd=phx-economics-v2

[Bengus81]

1. Pretty soon China will do a pause...of shipping any goods to the US for 30 days,then 60

I'd love it..........

[Safe as Milk]

2. Since the dictator doesn't know what he's doing,

we can expect a withdrawal of tariffs at any time. Or not. As of now, watch what happens to retail outlets that trade with cheap Chinese products. Look out for WalMart and Dollar Store crashes. WalMart will lose a ton of revenue from reduced cash flow and Dollar Stores may as well close up right now. Donny doesn't do so well when it comes to "unforeseen consequences."

It's not a bad idea that the US should do more domestic production of products and parts. But reversing international commerce and supply chains is a huge undertaking in which Trump shows utter ignorance. No chief executive in history would ever attempt to change world trade in this manner.

Next in line for the "cravenly stupid" goes to Congressional Republicans, who refuse to accept the fact that Trump will lead them all off a cliff while they march without pause to the edge. They are TERRIFIED to consider a pause, so they keep marching.

Ninety-nine percent of all organisms in the history of the planet are EXTINCT, and the GOP believes that our species will live forever, regardless of how we manage ourselves as a species.

[Tarzanrock]

3. It's akin to watching a boxing match ...

... where one fighter's opponent keeps punching himself in his own face. You're already pretty bloody, Turd -- and this is just the first round of the fight. Bettter throw the towel into the ring.

[Bernardo de La Paz]

4. It's effectively a trade embargo. . . .nt