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July 15, 2025

  • 🇷🇺 Russia threatened with tariffs up to 100% if Ukraine peace deal not made within 50 days [source]
  • 🇲🇽 🍅 Fresh Mexican tomatoes hit with 17% tariff [source]

July 13, 2025 — 📈 🇲🇽 Mexico & 🇪🇺 EU threatened with increased 30% tariffs [source]
July 10, 2025

July 9, 2025

  • ⚠️ Proposed Tariffs: 50% on Copper; 200% on foreign pharmaceuticals [source]
  • ✉️ More letters sent to 7 nations, informing of new Tariff Rates to begin Aug 1st [source]

July 7, 2025

July 5, 2025 — About 12 countries will be receiving their new tariff rates on Monday July 7; some as high as 70% [source]
July 3, 2025 — 30% Tariffs on 🎆 fireworks from China could dampen preparations for July 4th Celebrations [source]
July 2, 2025 — 🚨Vietnam-US agree to trade deal: tariffs at 20% [source]
July 2, 2025 — Japan threatened with 35% tariffs; India trade deal nearly done [source]
July 1, 2025 — Federal Reserve says interest rates would have been cut if not for tariffs [source]
June 30, 2025

  • US resumes trade talks with Canada after scrapping proposed digital services tax [source]
  • US Treasury Secretary Issues New Tariff Warning Ahead of July 9 Deadline [source]

June 27, 2025 — Trump ends trade talks with Canada; says new tariffs coming next week [source]
June 22, 2025 — Canada may impose tariffs on US Steel & Aluminum imports on July 21 [source]
June 20, 2025 — Supreme Court denies request to expedite tariff challenge [source]
June 18, 2025 — President Trump says tariffs on imported pharmaceutical drugs could be imposed soon [source]
June 17, 2025 — Companies ask Supreme Court to expedite tariff challenge [source]
June 16, 2025 — 🤝 G7 Summit begins; Trade talks w/ EU & Canada commence [source]
June 11, 2025

  • New China Tariff deal: 55% total tariff. Read more
  • Appeals court keeps tariffs in place, for now [source]

June 8, 2025 – 📞 US & China will continue trade deal talks Monday, Jun 9, in London [source]
June 4, 2025 — 🚨 50% Steel & Aluminum tariffs go into effect today! 🚨 [source]
June 3, 2025 – 90-day Tariff exemption extension on Chinese-made Chips [source]
June 2, 2025 – Read our US-China Tariff Report
May 29, 2025 — Tariffs temporarily REMAIN IN EFFECT pending an appeal hearing by the Trump Administration [source]
May 28, 2025 — 🛑 TARIFF PAUSE 🛑 Federal court blocks President Trump's sweeping tariffs under emergency powers law; some tariffs remain in place. [source]

The Current US-China Tariff Situation

Understanding the Situation, as of June 2, 2025

A temporary truce offers a brief respite from escalating reciprocal duties, but a complex web of core tariffs and deep-seated strategic competition creates a landscape of unprecedented uncertainty and cost for global businesses.

A Fragile 90-Day Truce

The May 12, 2025 agreement dramatically reduced the highest reciprocal tariffs, establishing a 90-day window for negotiation. This strategic pause eases immediate pressures but leaves underlying frictions unresolved.

U.S. Reciprocal Tariffs on China

145%30%

(Temporary Rate)

China's Retaliatory Tariffs on U.S.

125%10%

(Temporary Rate)

The Enduring Core: Tariffs Unaffected by the Truce

Despite the temporary de-escalation, several significant U.S. tariff regimes on Chinese goods remain firmly in place, targeting strategic sectors, national security, and public health concerns.

Section 232: National Security

Invoked for national security reasons, these tariffs apply a broad duty on steel and aluminum imports, including derivative products. A key change in March 2025 was the elimination of all country-specific exemptions, hardening the U.S. stance and increasing costs for a wider range of global supply chains.

25%
Ad Valorem Tariff on Steel & Aluminum Imports and their Derivatives

IEEPA: Fentanyl Crisis Response

Using the International Emergency Economic Powers Act, the U.S. imposed a broad tariff on all Chinese imports as a non-trade tool to combat the fentanyl crisis. This duty is explicitly retained during the truce, signaling its distinct and non-negotiable status. Additional per-item fees target low-value postal shipments.

20%
Broad Tariff on ALL Chinese Imports
+ $200 per postal item

Section 301: Strategic Industrial Policy

These tariffs target China's alleged unfair trade practices in technology and intellectual property. A May 2024 review resulted in major increases for strategic sectors, aiming to protect and promote key domestic industries like clean energy and advanced tech. These rates are being phased in from 2024 to 2026.

Projected Short-Run Price Increases by Sector

Timeline of Tensions

A look at the key moments that have defined the volatile U.S.-China trade relationship over the past several years.

1

Aug 2018

U.S. begins implementing Section 301 tariffs, citing unfair trade practices and IP theft, firing the opening shots of the trade war.

2

May 2024

A four-year review of Section 301 concludes, leading to new, higher tariffs on strategic sectors like EVs, solar, and semiconductors.

3

Mar 2025

Tensions escalate with new 25% Section 232 tariffs on steel/aluminum and a broad 20% IEEPA tariff related to fentanyl.

4

May 2025

A temporary 90-day truce is announced, dramatically lowering reciprocal tariffs but keeping core punitive duties in place.

!

June 2025

Tensions rapidly re-escalate over non-trade issues like AI chip controls, threatening the fragile stability of the May agreement.

The Tariff Stack: How Duties Combine

Calculating the final cost of an import isn't simple. Multiple tariff layers can "stack" on top of each other, creating a complex and costly calculation for businesses. Here is a simplified model for a generic Chinese import.

START: Chinese Product Value (e.g., $1000)

Layer 1: Reciprocal Tariff (Temporary)
+10%

Layer 2: Fentanyl Tariff (IEEPA)
+20%

Layer 3: Section 301 Tariff
+7.5% to 100% (If Applicable)

FINAL LANDED COST: Base Value + All Applicable Tariffs

Note: This is a simplified example. Section 232 tariffs and others follow separate, complex application rules and do not always stack in this manner.

The Economic Ripple Effect

The cumulative effect of these tariffs has significant consequences for the U.S. economy, leading to higher consumer prices, reduced GDP, and a regressive impact on households.

Avg. Effective Tariff Rate

17.8%

Highest level since 1934

Avg. Loss Per Household

$2,800

In 2024 dollars

Real GDP Growth Reduction

-0.7%

Projected short-run impact

Future Outlook: Navigating Uncertainty

The path forward is defined by volatility. Businesses must operate with the assumption of continued high effective tariff rates and the potential for sudden policy shifts driven by geopolitical events. Strategic planning now requires constant vigilance, supply chain diversification, and a deep understanding of the non-trade factors shaping this critical economic relationship.

In creating this report, we used the Gemini's Deep Research tool but manually fact-checked and formatted the data. We are human and could have missed something or made a mistake. If you see something that is incorrect, please let us know! Reach out to us at info@tariffcheck.org.

Infographic created by Canvas Infographics.