China raised the tariff rate on U.S.-origin goods, from 34% to 84%, in response to President Donald Trump's April 8 executive order raising reciprocal rates by 50% (see 2504080079), the Office of the Tariff Commission of the State Council announced April 9. The new tariffs will take effect at 12:01 a.m. April 10, the commission said, according to an unofficial translation.
President Donald Trump said April 9 that he’s hiking tariffs on Chinese imports to 125% "effective immediately."
Members of the Senate Agriculture Committee on April 8 pressed Stephen Vaden, nominee for USDA deputy secretary, on how President Donald Trump's slew of tariff action will impact USDA and agriculture issues.
President Donald Trump’s April 8 executive order that raised the reciprocal tariff on China to 84% also increased tariffs applicable to postal shipments.
CHANDLER, Ariz. -- As President Donald Trump’s tariffs and his related trade rhetoric prompt a trade war, the potential for cyberattacks within the U.S. trade industry could increase, according to a panelist speaking at the National Customs Brokers & Forwarders Association of America’s annual meeting.
A “major” tariff on pharmaceuticals will be announced “very shortly,” President Donald Trump said April 8.
Only 13 hours after reciprocal tariffs of 11% to 84% began, President Donald Trump said he is pausing the higher country-specific tariffs for 90 days -- except for China, whose total emergency tariff will go from 104% to 125%, according to a White House spokesperson. The baseline additional 10% tariff -- which applies to nearly all countries, but not Mexico and Canada -- remains in place.
President Donald Trump, on his social media account, said that he will drop high reciprocal tariffs that started today for 90 days. However, the 10% tariff imposed on nearly all trading partners will remain.
Sen. Chuck Grassley, R-Iowa, the lead Republican on a bill that would prevent future executive tariffs from lasting more than 60 days without an approval in Congress, said on a phone call with reporters that it was a deliberate choice not to have the bill roll back Section 232 tariffs on autos, steel and aluminum, Section 301 tariffs on China, or tariffs on nearly all countries under the guise of national emergencies.
The potentially competing objectives of President Donald Trump's April 2 tariffs could mean that they won't go away anytime soon, experts suggested during an event hosted by the Bipartisan Policy Center.