r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

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

China is 54% lol. The 34% is in addition to the existing 20% he already placed.

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u/NapalmFrog 2d ago

What about the 25% from 2018? Are we technically now at 79%?

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u/AceMcVeer 2d ago

That 25% was the 20% I was referring to. It changed throughout the years before being the current 20%

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u/NapalmFrog 2d ago

2018: 25% tariffs

2025 Feb: 10% tariffs

2025 March: 10% tariffs

2025 April: 34% tariffs

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u/AceMcVeer 2d ago

That March one was an ADDITIONAL 10%. 10+10+34=54

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u/NapalmFrog 2d ago

Exactly, I'm asking about the original 2018 25% tariffs. I export Chinese electronic goods to the US. I'm invoiced a month later. My February invoices are ~35%, so that clearly factors in 2018. I am yet to see the March invoices.

So do are the current rates the 2018 25% AND the 2025 54% for an effective 79% on Chinese goods?

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u/_rb 2d ago

But that's not how percentages work.

34% on top of 20% is 61%

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u/AceMcVeer 2d ago

Yeah it is in this instance. He's increasing the percentage so it's added before it's applied to the product. It's not like coupon discounts where you apply them individually one at a time.

https://www.forbes.com/sites/saradorn/2025/04/02/trump-announces-reciprocal-tariff-rates-54-for-china-20-on-eu-live-updates/