Tariff Timeline: A Real-Time Look at 2025’s Key Trade Shifts May 10th- U.S. and China Agree to 90-Day Tariff Retrieve The United States and China have reached a pivotal agreement to reduce mutual tariffs for 90 days, signaling a major de-escalation in their ongoing trade war. Starting May 14, U.S. tariffs on Chinese goods will drop from 145% to 30%, while China will suspend its … Read More
US to Slap 104% Tariff on China After Deadline Expires
In a significant escalation of trade tensions, the United States has confirmed the implementation of a 104% tariff on Chinese imports, effective 12:01 a.m. ET on Wednesday. This move follows China’s refusal to withdraw its 34% retaliatory tariffs on American goods by President Trump’s Monday deadline. The White House emphasized that this action aims to address longstanding trade imbalances and unfair practices by China. White … Read More
Canada Hits Back with $155B in Tariffs on U.S. Goods
“The moment U.S. tariffs came into effect this morning, so did the Canadian response. Canada will be implementing 25% tariffs against $155 billion of American products. Starting with $30 billion worth of goods immediately, and the remaining $125 billion in 21 days’ time”, was a LinkedIn post from Canadian Prime Minister, Justin Trudeau. This decisive move by Prime Minister Trudeau marks a significant escalation in … Read More
New Guidance on Additional Tariffs for Canadian Imports
As of March 4, 2025, new additional duties on imports from Canada are officially in effect. These tariffs, imposed under Executive Order 14193, are part of the U.S. government’s efforts to combat the flow of illicit drugs across the northern border and strengthen national security. If your business imports goods from Canada, it’s crucial to understand the changes and ensure compliance with U.S. Customs and … Read More
CBP’s Update on Increased Tariffs for Imports from China and Hong Kong
The U.S. government has escalated its trade measures against China and Hong Kong, doubling additional duties on imports from these regions. As of March 4, 2025, new tariffs of 20% apply to most imports, reflecting the latest action under the Executive Order on the Synthetic Opioid Supply Chain signed on March 3, 2025. U.S. Customs and Border Protection (CBP) has provided updated guidance for businesses … Read More