The escalating trade conflict between China and the United States continues to intensify, with significant reciprocal tariffs imposed by both nations last week, leaving little room for resolution.
Beijing has increased its tariffs on US imports to 125%, just a day after the White House specified that Chinese imports are now subject to tariffs of at least 145%.
Read on for a summary of the storm shifts between the US and China.
| Feb.1 | Trump has enacted an executive order that establishes a 10% tariff on imports from China, while imposing a 25% tariff on goods from Mexico and Canada. |
| Feb. 3/4 | Trump reveals a 30-day suspension of the 25% tariffs imposed on Mexico and Canada. Tariffs set at 10% on all imports from China are in effect. |
| Feb. 4 | China has announced the implementation of 15% tariffs on US coal and liquefied natural gas (LNG), alongside 10% tariffs on crude oil, agricultural machinery, large displacement cars, and pickup trucks, set to take effect on February 10. |
| Feb. 10 | Trump declares a 25% tariff on steel and aluminum imports from every nation. |
| Mar. 4 | Trump imposes a further 10% tariff on imports from China, alongside a 25% tariff on goods from Mexico and Canada, with certain exceptions noted. |
| Mar. 4 | China responds by imposing tariffs ranging from 10 to 15% on US agricultural goods, set to take effect on March 10. |
| Mar. 12 | Tariffs of 25% on steel and aluminum will be implemented for all nations by Trump’s administration. The existing tariffs on steel and aluminum will result in China paying more than 25%, bringing the total to 45%. |
| Mar. 26 | Trump has announced that 25% tariffs will be implemented on automobiles on April 3 and on auto parts not later than May 3. |
| Apr. 2 | Trump has announced a series of tariffs on dozens of countries, including China, which was scheduled to experience a 34% increase in tariffs. These tariffs are referred to as “reciprocal” tariffs. Donald Trump also declares a 10% tariff on all imports to the United States, with the exception of Canada and Mexico. |
| Apr. 3 | Car tariffs of 25% are put into effect by the Trump administration. |
| Apr. 4 | China announces a 34% tariff on US goods effective April 10. |
| Apr. 5 | China’s tariff rate will be 30% upon the implementation of universal tariffs at a rate of 10%. |
| Apr. 7 | Trump responds to China’s retaliatory tariff by threatening to impose a 50% tariff on top of the full 34% reciprocal rate if China does not relent. |
| Apr. 9 | Trump imposes a further 84% tariff on all imports from China, bringing the total rate to 104%. China has declared a significant retaliatory measure, imposing tariffs of 84% on imports of goods from the United States. The tariff on Chinese imports has been increased by Trump to a minimum of 145%, with effect immediately. |
| Apr. 9 | Trump declares a 90-day halt on “reciprocal” tariffs for all countries, with the exception of China. The 10% universal tariff continues to be in place. |
| Apr. 11 | China has raised its retaliatory tariffs on imports from the US to 125%. |
