logo
Factbox-Breakdown of U.S. tariffs on China since Trump's first term

Factbox-Breakdown of U.S. tariffs on China since Trump's first term

Yahoo3 days ago

BEIJING (Reuters) -Billions of dollars of Chinese goods have been impacted by additional U.S. tariffs since 2018, initially under the first Donald Trump presidency and later under the Biden administration. Returning to the White House this year, Trump has imposed even more duties on China.
The U.S. tariffs range from those imposed under Section 301 of its trade act due to what Washington claims are unfair Chinese trade practices, to duties under Section 232 levied for national security reasons.
This year, Trump has imposed another 20% levies on all Chinese goods, saying Beijing has not done enough to stop the flow of fentanyl into the United States. So-called reciprocal tariffs, under which the U.S. will match duties imposed by other countries, have also been levied in a bid to rebalance trade flows.
Below are the U.S. tariffs on China effective as of June 12, 2025:
Tariff Rate Products Effective date
Reciprocal 10% All Paused for 90 days
until Aug 10, 2025
Fentanyl 20% All Mar 4, 2025
Section Up to List 1: Pharmaceuticals, July 6, 2018
301 25% iron and steel,
aluminium, vehicles and
aircraft, medical or
surgical instruments and
apparatus and more.
List 2: Vehicles, Aug 23, 2018
railway or tramway
locomotives, aircraft
and their parts, medical
or surgical instruments
and apparatus and more.
List 3: Prepared May 10, 2019
foodstuffs, beverages,
mineral products,
fertilizers, wood
products, textiles,
precious and base
metals, vehicles,
aircraft, vessels,
machinery and mechanical
appliances and more.
List 4A: Prepared Feb 14, 2020
foodstuffs, beverages,
mineral products,
fertilizers, footwear,
wood products, ceramic
products, glass,
textiles, precious and
base metals, machinery
and mechanical
appliances, vehicles,
aircraft, vessels, art,
antiques and more.
In September 2019, the U.S. imposed 15% tariffs on more than $120 billion of Chinese goods under Section 301, which it then halved to 7.5% less than six months later.
The 25% U.S. tariffs on $250 billion of Chinese goods under the earlier List 1-3 remain unchanged.
In September 2024, the U.S. Trade Representative under the Biden administration announced additional tariffs of 25-100% on 14 product groups following a four-year review of the Section 301 tariff actions. The levies were imposed on strategic Chinese sectors or sectors where the United States has made significant domestic investments.
Additional tariffs on goods under Section 301: Effective
date
EVs 100% Sep 27, 2024
Solar cells, syringes and 50%
needles
Non-lithium-ion battery parts, 25%
lithium-ion electrical vehicle
batteries, other critical
minerals, ship-to-shore
cranes, steel and aluminium
products, facemasks
Semiconductors 50% Jan 1, 2025
Lithium-ion non-electrical 25% Jan 1, 2026
vehicle batteries, medical
gloves, natural graphite,
permanent magnets
In addition to the above duties, the first Trump administration in 2018 imposed a range of tariffs under Section 232 aimed at restricting goods deemed a threat to national security, including all aluminium and steel imports, shutting most Chinese suppliers out of the U.S. market.
Error in retrieving data
Sign in to access your portfolio
Error in retrieving data
Error in retrieving data
Error in retrieving data
Error in retrieving data

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘No Kings' protest against Trump draws hundreds to downtown Scranton
‘No Kings' protest against Trump draws hundreds to downtown Scranton

Yahoo

time7 minutes ago

  • Yahoo

‘No Kings' protest against Trump draws hundreds to downtown Scranton

Jan Needham of Moosic spent part of her Saturday afternoon at the 'No Kings' protest on Scranton's Courthouse Square because she thought it was important to speak out. Hundreds of people attended the event in response to the Trump administration's large-scale military parade, also held on Saturday. 'We're here to stand up for America,' she said. 'We're in trouble if we don't stand up to Trump.' Aaron Newhart of Falls Township agreed. A veteran, he takes issue with the reported $45 million Trump is spending on the day's festivities held in Washington, D.C. The money, he said, would be better spent on resources to assist to families and help for veterans. 'He's really just having his own birthday party,' he said. 'That's what dictators do.' Legislators speak out State Representative Bridget Kosierowski told the crowd she was not only a state representative, but also a registered nurse. Trump's proposed cuts to Medicare and Medicaid, as well as other supportive services, put the health and wellbeing of citizens at risk, she said. Kosierowski also expressed hope in the democratic process and people's willingness to speak out. 'We can do better,' she said. 'And, we will.' * Protestors gather on Courthouse Square in Scranton for a 'No Kings' protest in Scranton on Saturday, June 14, 2025. (JASON ARDAN / STAFF PHOTOGRAPHER) * Protestors gather on Courthouse Square in Scranton for a 'No Kings' protest in Scranton on Saturday, June 14, 2025. (JASON ARDAN / STAFF PHOTOGRAPHER) * Protestors march around the Lackawanna County Courthouse during a 'No Kings' protest in Scranton on Saturday, June 14, 2025. (JASON ARDAN / STAFF PHOTOGRAPHER) * Bridget Kosierowski, D-114, Waverly Twp, addresses the crowd at a 'No Kings' rally on Scranton's Courthouse Square Saturday. (GERI GIBBONS/STAFF PHOTO) Show Caption 1 of 4 Protestors gather on Courthouse Square in Scranton for a 'No Kings' protest in Scranton on Saturday, June 14, 2025. (JASON ARDAN / STAFF PHOTOGRAPHER) Expand Lackawanna County Commissioner Bill Gaughan took to the podium and encouraged people to speak out against the Trump administration and its policies. 'History does not look kindly on those who remained silent,' he said. He said Trump supporters have a Bible in one hand and hate in the other. 'They talk about Jesus,' he said. 'And walk with cruelty.' He quoted a line from a poem written by Emma Lazarus, which is inscribed on the base of the Statue of Liberty: 'Give me your tired, your poor, your huddled masses yearning to breathe free.' Now, he said, those huddled masses are being chained, tackled and deported. 'We will not stop until Donald Trump's name is written in ash in the mouth of history,' he said. State Representative Kyle Donahue pointed out FOX News reported that such rallies were composed mostly of paid protestors. 'Are you paid?' he shouted to the crowd, who responded with a resounding, 'No.' 'We are here to remind people today that were are not subjects, we are citizens,' he said. Counter protestors Several pro-Trump protestors were sprinkled through the crowd and periodically heckled speakers. Republican Bob Bolus brought his commercial truck to the event, which bore Trump's likeness alongside a depiction of Jesus and the American flag. Gaughan encouraged the crowd to ignore them. 'They're not important,' he said.

Trump Raked in $57.3 Million From Crypto Venture, Per White House Financial Disclosures
Trump Raked in $57.3 Million From Crypto Venture, Per White House Financial Disclosures

Yahoo

time8 minutes ago

  • Yahoo

Trump Raked in $57.3 Million From Crypto Venture, Per White House Financial Disclosures

President Donald Trump earned money in 2024 from a variety of sources, including luxury properties and royalty payments and licensing earnings for the use of his name and likeness last year, and big bucks from his crypto venture with World Liberty Financial, to the tune of more than $57 million, according to the required Executive Branch Personnel Public Financial Disclosure report filed on June 13. Trump debuted the cryptocurrency platform World Liberty Financial in September, and it's a family affair: it's controlled by his sons Donald Trump Jr. and Eric Trump and Trump's 18-year-old son Barron is the project's 'DeFi visionary,' as CBS News reports. Its leadership also includes Zach Witkoff, the son of Trump's Middle East envoy Steve Witkoff. The venture is one of his largest sources of income in the 234-page document for calendar year 2024, noted on page 171, with token sales raking in more than $57.3 million for WLF Holdco LLC, for which he holds 75 percent ownership via entity DT Marks Defi LLC. Trump's $TRUMP cryptocurrency token, which reached the billions on paper a couple of days before inauguration day, was not included in the form since it was released this year. Less than 24 hours before he was inaugurated, $MELANIA meme coins for First Lady Melania Trump also arrived, all of which has brought into focus ethics questions. Last month, Trump held a dinner party for the 220 top holders of $TRUMP. Meanwhile, the GENIUS Act, which includes a controversial piece of cryptocurrency legislation that the Senate is set to pass next week, could 'create a superhighway for Donald Trump's corruption,' Sen. Elizabeth Warren (D-Mass.) told Rolling Stone ahead of key votes. The GENIUS Act would permit banks and private companies to issue stablecoins, with minimal regulatory oversight. Trump's WLF venture recently launched USD1 stablecoin, which is pegged to the U.S. dollar and backed by treasury bonds. The financial disclosure report also showed Trump's estate and member's only club Mar-a-Lago in Palm Beach, Florida generated more than $50 million in 2024 and he earned $15 million in license fees from a Dubai property. He earned $3 million in royalty payments for coffee table book, Save America. Other big royalty generators include $2.5 million from Trump sneakers and fragrances; Trump's 'God Bless America' Bibles, which were printed in China, yielded $1.3 million; and $1 million came from Trump Guitars. The report included liabilities disclosures as well, listing more than $50 million in litigation involving E. Jean Carroll, the former magazine columnist who sued for sexual abuse and defamation, and separately for sexual assault and defamation, and won both cases. More from Rolling Stone Thousands of 'No Kings' Protests Held Against Trump's 'Militarized Birthday Party' ICE Will Pause Farm, Restaurant Raids After Trump Social Media Post Democratic Lawmaker Killed in Apparent 'Politically Motivated Assassination' Best of Rolling Stone The Useful Idiots New Guide to the Most Stoned Moments of the 2020 Presidential Campaign Anatomy of a Fake News Scandal The Radical Crusade of Mike Pence Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store