just!Trump: Tariffs against China will not return to 145%!China’s latest response!How many tarif
- Author:weiyun.com
- Source:weiyun.com
- Release Date:2025-05-14
On May 12 local time, US President Trump said in the White House that during the just-concluded high-level economic and trade talks between China and the United States, the two sides had frank and effective exchanges, which ultimately led to the "full restart" of the economic and trade relations between the two countries.
The two sides have now agreed to reduce the tariffs imposed after April 2 to 10% for a period of 90 days, so as to continue negotiations on a larger structural issue during this period.
At present, China-US relations are very, very good, and we have some other things that are being promoted.Trump further pointed out that tariffs on Chinese automobiles, steel, aluminum and medicines will continue to be maintained.
After the 90-day tariff suspension period, it is unlikely that the U.S. tariffs on China will return to its previous 145% level.However, the possibility of tax rates raising again in the future is not ruled out.It is also reported that in addition to canceling a total of 91% and suspending the implementation of 24% tariffs.On May 12, the White House issued President Trump's amendment of executive orders, adjusting the adjudication tariff rate for small packages worth less than $800, which is stipulated in the amendment tariff rate for small packages worth less than $800, reducing the adjudication tariff rate from 120% to 54%.At the same time, the tariff of US$100 per small-volume postal item is maintained, and the regulation that the original plan to increase the tariff of US$100 to US$200 on June 1 is revoked.This adjustment applies to all goods imported from mainland China, Hong Kong and Macau into the United States customs area, used for consumption, or extracted from warehouses for consumption.China's latest response: Will China and the United States discuss "fentanyl tariffs"? On May 13, Foreign Ministry spokesman Lin Jian presided over a regular press conference.A reporter asked questions about the United States imposing fentanyl tariffs on China.
Lin Jian said that China has repeatedly stated that fentanyl is a problem of the United States, not China's problem, and the responsibility lies with the United States itself.The US side ignores China's goodwill and unreasonably imposes fentanyl tariffs on China, which seriously impacts China and the United States' dialogue and cooperation in the field of drug control, and seriously damages China's interests.If the US really wants to cooperate with China, it should stop slandering and slandering China and talk with China in an equal, respectful and reciprocal way.So on May 12, after the signing of the Joint Statement on China-US Economic and Trade Talks, how high will the US tariffs on China be reduced to?How to calculate the import tariffs of the United States?Let’s take a quick look below.After the joint statement was announced, the US promised to cancel the tariff rate reached 91%, and China correspondingly promised to cancel the tariff countermeasures of 91%.But for Chinese companies, entering the US market is still not easy.In addition to the "reciprocal tariffs", the United States also imposed a total of 20% fentanyl tariff on China twice, and in addition to "Trump 1.0" and tariffs on China during Biden's term.Specifically, tariffs other than "reciprocal tariffs" include, but are not limited to:
● Basic tariffs come from the United States coordinated tariff table, which lists the basic tax rates for various commodities to enter the United States.
● "Terms and Tariffs", this part of the tariff is formulated in accordance with specific terms of US law. For example, the "301" tariff is implemented in accordance with Article 301 of the US Trade Act, and the "232" tariff is implemented in accordance with Article 232 of the US Trade Expansion Act.According to different commodity categories, the scope of "terms and tariffs" tax rates is also different, and is widely regarded as a discriminatory "tariff barrier".
● IEEPA benchmark tariffs are levied in accordance with the United States International Emergency Economic Powers Act (IEEPA).Starting from March 4, 2025, the Trump administration has adjusted to impose 20% fentanyl tariffs, causing huge controversy.The joint statement issued by China and the United States is undoubtedly an important step in promoting the restoration of normal economic and trade relations between China and the United States.This also shows that in the face of the sincerity expressed by the US measures, China's position is as emphasized before, "The door to talk is open, but dialogue must be carried out on an equal basis on the basis of mutual respect; if China fights, it will also accompany it to the end."