Overview

• The US has implemented a 34% tariff on all Chinese goods, alongside an existing 20% levy, while ending duty-free exemptions for low-value imports.
• China will impose reciprocal 34% tariffs on all US goods starting April 10, targeting key industries including agriculture and technology.
• The removal of the de minimis rule is expected to raise prices for American consumers, particularly for electronics, textiles, and machinery.
• Analysts predict China's GDP growth could drop by 2-2.5 percentage points due to reduced exports, while US farmers and manufacturers face significant losses.
• Both nations are leveraging the trade war to pursue broader economic strategies, with the US focusing on domestic industry protection and China seeking closer ties with other trading partners.