US–China Tariffs: Reshaping Global Trade
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In April 2025, the United States imposed steep reciprocal tariffs on Chinese imports, reaching 125 percent, while China retaliated with matching levies on U.S. goods. Additionally, the U.S. closed the ’de minimis’ loophole, subjecting low-value parcels from China and Hong Kong to duties starting May 2, 2025. These actions are part of Executive Order 14257, declared to address persistent trade deficits. Industries are mitigating costs by stockpiling inventory and rerouting supply chains. Both sides have signaled potential de-escalation, with President Trump hinting at refraining from further hikes amid consumer spending concerns.
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