No Result
View All Result
  • Login
Thursday, May 15, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

How US-China tariffs reached sky-high levels in 3 months

by FeeOnlyNews.com
6 days ago
in Business
Reading Time: 2 mins read
A A
0
How US-China tariffs reached sky-high levels in 3 months
Share on FacebookShare on TwitterShare on LInkedIn


Talks planned this weekend between US and Chinese officials in Switzerland are a culmination of more than three months of dizzying rounds of retaliatory tariffs between the two countries that have crippled each other’s exporters and dragged on their economies. Washington and Beijing are entering talks with tariffs on each other’s goods at an all-time high. US duties on Chinese imports stand at 145%, while China’s retaliatory tariffs on US goods have reached 125%. US President Donald Trump said he believed the talks could bring tangible progress, and that he was open to lowering the tariffs substantially if Beijing made concessions. China, however, has reiterated calls for Washington to cancel the tariffs ahead of the talks. Here is a play-by-play of how US and Chinese tariffs have reached such sky-high levels since the beginning of Trump’s second term in office: Feb 1, 2025 – Trump signs an executive order imposing 10% tariffs on China, as well as 25% duties on Mexico and Canada. He later announces a 30-day reprieve on the Mexican and Canadian tariffs.

Feb 4 – The 10% tariffs on all Chinese imports to the U.S. come into effect. China retaliates the same day by announcing a flurry of countermeasures, including duties on American coal, liquefied natural gas and agricultural machinery.

Live Events

March 4 – Trump imposes additional 10% tariffs on all Chinese goods, bringing the total level of duties to 20%. China responds with tariffs of up to 15% on imports of key U.S. farm products including chicken, pork, soy and beef, and expanded controls on doing business with key U.S. companies. March 10- Chinese tariffs and measures announced on March 4 go into effect. April 2- On Trump’s so-called tariff “Liberation Day,” he announces additional 34% duties on all Chinese imports, alongside tariffs on goods from countries around the world. The sweeping tariffs are to come into effect April 9.

April 4 – China fights back by imposing 34% tariffs on all US goods, effective April 10, as well as other retaliatory measures including more export controls on rare earth minerals.

China also suspends imports of sorghum, poultry and bonemeal from several US companies, adds 27 firms to lists of companies facing trade restrictions, and starts an anti-monopoly probe into DuPont China Group, a subsidiary of the US company DuPont.

April 7- Trump threatens China with additional 50% tariffs if it doesn’t roll back its 34% reciprocal tariffs.

April 9 – Trump’s “Liberation Day” tariffs come into effect. The US raises tariffs on China even higher than previously announced, to 104%.

Beijing retaliates with duties of 84% on US goods, effective April 10.

Trump further raises tariffs on all Chinese goods to 145%, effective immediately.

April 11 – China raises its tariffs on all U.S. goods to 125%, effective April 12. Beijing says it would not raise the duties any further.

May 6 – The Trump administration announces that Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will meet with their Chinese counterparts in Geneva. China will be represented at the talks by Vice Premier He Lifeng.



Source link

Tags: LevelsMonthsReachedSkyHightariffsUSChina
ShareTweetShare
Previous Post

US-China trade talk optimism drives oil prices to weekly gains

Next Post

BlackRock Bitcoin ETF Loads 3,450 Bitcoins, BTC All-Time High Soon?

Related Posts

A brain-dead Georgia woman has been kept alive since February in order to carry a fetus to birth

A brain-dead Georgia woman has been kept alive since February in order to carry a fetus to birth

by FeeOnlyNews.com
May 15, 2025
0

A pregnant woman in Georgia was declared brain-dead after a medical emergency and doctors have kept her on life support...

As the Fed devises its new strategy, Jerome Powell sees an economy with ‘more volatile’ inflation

As the Fed devises its new strategy, Jerome Powell sees an economy with ‘more volatile’ inflation

by FeeOnlyNews.com
May 15, 2025
0

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use...

S&P 500 Rises as Fed-Cut Bets Sink Treasury Yields: Markets Wrap

S&P 500 Rises as Fed-Cut Bets Sink Treasury Yields: Markets Wrap

by FeeOnlyNews.com
May 15, 2025
0

(Bloomberg) -- Wall Street traders drove stocks higher as bond yields sank after the latest economic data spurred bets the...

Policybazaar Q4 Results: PB Fintech’s profit skyrockets 185% YoY to Rs 171 crore, revenue jumps 38%

Policybazaar Q4 Results: PB Fintech’s profit skyrockets 185% YoY to Rs 171 crore, revenue jumps 38%

by FeeOnlyNews.com
May 15, 2025
0

Insurance aggregator PB Fintech on Thursday reported a consolidated net profit growth of 185% in Q4FY25 at Rs 171 crore...

Inflation jumps – Globes

Inflation jumps – Globes

by FeeOnlyNews.com
May 15, 2025
0

Israel’s Consumer Price Index (CPI) rose 1.1% in April, the Central Bureau of Statistics has announced. Market expectations were...

Netflix is bringing back ‘Star Search’

Netflix is bringing back ‘Star Search’

by FeeOnlyNews.com
May 15, 2025
0

Netflix will air a new version of the talent show Star Search. The original was hosted by Ed McMahon, but...

Next Post
BlackRock Bitcoin ETF Loads 3,450 Bitcoins, BTC All-Time High Soon?

BlackRock Bitcoin ETF Loads 3,450 Bitcoins, BTC All-Time High Soon?

As US, China begin trade talks in Geneva, Trump’s tariff hammer looks less mighty than he claims

As US, China begin trade talks in Geneva, Trump's tariff hammer looks less mighty than he claims

  • Trending
  • Comments
  • Latest
How advisors can help investors prepare for the unknowns

How advisors can help investors prepare for the unknowns

May 5, 2025
Don’t Put Your Small Business in a Hole (The Shady Side of MCAs)

Don’t Put Your Small Business in a Hole (The Shady Side of MCAs)

April 21, 2025
Stifel CEO gets a 21% pay bump in 2024

Stifel CEO gets a 21% pay bump in 2024

April 25, 2025
CPI inflation April 2025: Rate hits 2.3%

CPI inflation April 2025: Rate hits 2.3%

May 13, 2025
Wealth management challenges in talent, private investing

Wealth management challenges in talent, private investing

May 14, 2025
Relationship tips for financial advisors to educate clients

Relationship tips for financial advisors to educate clients

May 6, 2025
A brain-dead Georgia woman has been kept alive since February in order to carry a fetus to birth

A brain-dead Georgia woman has been kept alive since February in order to carry a fetus to birth

0
Market Talk – May 15, 2025

Market Talk – May 15, 2025

0
Nice raises EPS guidance but stock slides

Nice raises EPS guidance but stock slides

0
Coinbase Refuses  Million Ransom After Hackers Breach Customer Data: Report

Coinbase Refuses $20 Million Ransom After Hackers Breach Customer Data: Report

0
Stock market news for investors: Tariff talks continue on earnings calls

Stock market news for investors: Tariff talks continue on earnings calls

0
Misunderstanding These Real Estate Tax Strategies Could Cost You Thousands

Misunderstanding These Real Estate Tax Strategies Could Cost You Thousands

0
A brain-dead Georgia woman has been kept alive since February in order to carry a fetus to birth

A brain-dead Georgia woman has been kept alive since February in order to carry a fetus to birth

May 15, 2025
Stock market news for investors: Tariff talks continue on earnings calls

Stock market news for investors: Tariff talks continue on earnings calls

May 15, 2025
Autodesk looks set to report higher Q1 2026 revenue and profit

Autodesk looks set to report higher Q1 2026 revenue and profit

May 15, 2025
Market Talk – May 15, 2025

Market Talk – May 15, 2025

May 15, 2025
Kids Summer Reading Programs 2025

Kids Summer Reading Programs 2025

May 15, 2025
How financial advisors can avoid bad private equity deals

How financial advisors can avoid bad private equity deals

May 15, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • A brain-dead Georgia woman has been kept alive since February in order to carry a fetus to birth
  • Stock market news for investors: Tariff talks continue on earnings calls
  • Autodesk looks set to report higher Q1 2026 revenue and profit
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.