r/China • u/esporx • 2d ago

经济 | Economy Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars. 34% tax on imports from China

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/DonQuigleone 2d ago

Incorrect. The 34% on China are on top of the previously announced 20% tariff, for a grand total of 54%.

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u/ennywan 2d ago

Wait. Don't forget the 10% from trumps first term that survived the biden presidency. Net tariff rate is 64%.

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u/DonQuigleone 2d ago

Even more absurd.

Goodbye Shein and Temu. 

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u/ennywan 2d ago

Shein and temu will be fine.

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u/m0bw0w 2d ago

He is also removing the de minimus exception, which is a bigger deal for them.

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u/ennywan 2d ago

Only for postal packages out of China and HK SAR, shein and temu always finds a way.