US-China Trade War Intensifies: Tariffs Soar to 47.5 Percent, Reshaping Global Commerce and Impacting Consumer Prices
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US-China Trade War Intensifies: Tariffs Soar to 47.5 Percent, Reshaping Global Commerce and Impacting Consumer Prices
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As of this week, US tariffs on Chinese imports average 47.5 percent, according to calculations by Chad Bown of the Peterson Institute for International Economics, down from peaks of 145 percent earlier in 2025 but still a massive barrier reshaping global trade. Imports from China to the US plunged nearly 25 percent in the first three quarters of last year, dropping China from top importer to third behind Canada and Mexico, per Lock Haven Express analysis.
The Trump 2.0 Tariff Tracker from Trade Compliance Resource Hub details aggressive moves, including 100 percent ad valorem tariffs on Chinese-origin ship-to-shore gantry cranes and intermodal chassis, delayed until November 2026 but already hitting maritime cargo equipment hard. De minimis shipments from China face 54 percent duties, up from prior levels, while fentanyl-linked tariffs add 20 percent on top of a 10 percent baseline for many goods. Wikipedia's overview of second-term tariffs notes a temporary 90-day deal extended to November 9, 2025, where the US cut rates to 30 percent in exchange for China's soybean purchases and rare earth exports—China just met its initial 12 million metric ton goal, as announced by Treasury Secretary Scott Bessent at Davos, though uncertainty lingers amid Trump's shifting policies.
Recent headlines highlight volatility: Forbes reports Trump readying 10 percent tariffs if the Supreme Court strikes down existing ones, while ABC News warns soybean deals could unravel. On China's side, it's slashing import tariffs on wet blue hides from 6 to 3 percent and sheep hides from 14 to 10 percent starting January 1, per CueroAmérica and the State Council Tariff Commission, easing raw material costs for its leather industry amid domestic overproduction.
Consumers feel the pinch—a new study cited by the LA Times shows Americans bore 96 percent of these tariff costs, fueling inflation risks above 4 percent by year's end. Farmers grapple with uncertainty, as RFD-TV notes China's record 2025 grain output slashed US ag imports.
Stay tuned as negotiations intensify—Trump's reciprocal threats could spike rates to 15-20 percent baseline soon.
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