Not 104%, but 129%! Will China see additional 50% duty? Impacts spread across borders…
China’s ‘blow-for-blow’ strategy in response to the United States' 34 per cent reciprocal duty apparently leads to the addition of another round of tariff to the existing thread. On Tuesday, April 8, the US government threatened to impose an additional 50 per cent tariff on all Chinese products in retaliation, bringing the total tariff on China to 104 per cent. But this figure is not the full story. When accounting for the 25 per cent tariff on aluminium and steel imports that the United States imposed in March, the total tariff on China rises to a staggering 129 per cent.
Image generated by AI for representational purpose
The latest threat of a 50 per cent tariff is scheduled to take effect at midnight (CST time zone) on April 9, 2025, which was set as a deadline for China to reverse its 34 per cent tit-for-tat tariff on all American exports. But the President Donald Trump has assured to be gracious if China reaches out to him to make a deal. Until then, he will do what it takes him to protect American interests, said Trump.
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