Increased 84% Reciprocal Tariff Takes Effect for China
The reciprocal tariff on China will be set at 84% when it takes effect at 12:01 a.m. tonight, said CBP in an emailed CSMS message. That reflects an additional 50% tariff announced by President Donald Trump in response to Chinese retaliatory tariffs, on top of the 34% initially set for China.
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The CSMS message says President Donald Trump signed an executive order on April 8 increasing the tariff. The order, “Amendment To Reciprocal Tariffs And Updated Duties As Applied To Low-value Imports From The People's Republic Of China,” hadn’t been released as of press time.