President Donald Trump has signed an executive order tacking on another 50 percent to reciprocal duties on Chinese exports effective at Midnight.
It reads as follows: “Pursuant to section 4(b) of Executive Order 14257, I am ordering modification of the Harmonized Tariff Schedule of the United States (HTSUS) and taking other actions to increase the duties imposed on the PRC in response to this retaliation. In my judgment, this modification is necessary and appropriate to effectively address the threat to the national security and economy of the United States,” according to the White House.
It comes after China announced 34 percent retaliatory tariffs against the U.S., effective on April 10th.
Yesterday, President Trump announced that the U.S. will impose more tariffs if China does not back down, saying, “If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8th, 2025, the United States will impose additional tariffs on China of 50%, effective April 9th.”
