Saturday, 19 April 2025

UPDATE: White House Announces Tariffs On China Are Now 145%


The White House, in its latest press release, clarified that goods from China to the United States are now subject to a 145% tariff.

The 145% tariff consists of Trump’s 125% reciprocal tariff on China and the 20% tariff already in place.

The Trump administration will also impose new tariffs on “low-value packages” from China.

On May 2nd, 120% tariffs will also be applied to goods valued at $800 or less from China.

Per CNBC:

Trump’s latest executive order hiking tariffs on Chinese imports also raises a separate U.S. duty on low-value packages imported from China — for the third time in eight days.

Until this year, the so called de minimis tariff exemption had provided the China-based online retailers Shein and Temu with a major advantage over many of their competitors.

Starting May 2, U.S.-bound packages from China valued at $800 or less will face a 120% tariff rate, according to the order.

This is an increase of 30 percentage points over a previous executive action signed Tuesday, which tripled de minimis tariffs to 90%.

The order signed Wednesday also increases the “per postal item” cost for those low-value shipments to $100 starting May 2, rising to $200 on June 1.

The order allows transportation carriers delivering the shipments to choose whether to pay the percentage rate or the flat rate — but they are locked into that choice and can only change it once a month.

Here’s what CNN reported:

Goods coming from China to the United States are now subject to at least a 145% tariff, the White House clarified today.

The 125% “reciprocal” tariff President Donald Trump announced on China yesterday comes on top of the 20% tariff that had already been in place. It hadn’t been clear yesterday if the tariffs were additive. The White House said Thursday they are.

Trump has tied that 20% tariff to illegal immigration and the flow of fentanyl into the US, which he’s accused China of playing a role in.

Additionally, Trump also hiked the tariffs on goods less than $800 coming from China to 120% as of May 2.

What do you think?

This is a Guest Post from our friends over at WLTReport.

View the original article here.


Source link