A tariff is a duty (a tax) imposed by a national government, customs territory, or supranational union on imports (or, exceptionally, exports) of goods.

 

What are tariffs, and why is Trump using them?

On April 2, 2025, the U.S. announced a 34% tariff on Chinese goods. 

On April 4, 2025, China responded with countermeasures, an additional 34% tariff on all U.S. goods.  

On April 8, 2025, the U.S. raised the tariff from 34% to 84%.

On April 9, 2025, China imposed an additional 50% tariff on U.S. goods, bringing the total import tax on all U.S. products to 84%. 

On April 10, 2025, the U.S. government announced an increase in tariffs to 125%, bringing the total tariffs to 145%.

On April 12, 2025, China will adjust its tariff rates to 125% on goods imported from the U.S.

To Mitigate Tariff Impacts, enterprises should try their best to find specific strategies, such as reducing costs to maintain orders, optimizing supply chains……to mitigate tariff impact.

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