The US purchased $43.9 billion worth of goods from China in 2024. The $295 billion gap, known as the trade deficit, is something President Donald Trump is determined to shrink.
To close the gap, Trump raised China’s tariffs to 145%. This means that Chinese goods sold to the US are currently taxed at 2.45 times the original price, making them much more expensive and less competitive in the US market.
China retaliated with a 125% tax on US goods.
The harsh escalation of tariffs among the world’s largest trading forces has led to uncertainty in the cost and the meaning of production of everyday items such as smartphones, semiconductors and clothing.
China’s Commerce Department said it was willing to “fight to the end” and accused the United States of violating World Trade Organization rules.
February 1st
On February 1, President Trump signed an executive order that imposes 10% tariffs on China. The order also imposed a 25% tariff on imports from Canada and Mexico.
March 4th
The president added a 10% tariff on Chinese products on February 27th, and came into effect on March 4th.
April 2nd
A 10% tariff was applied to all countries importing goods into the US, with higher tariffs in some countries, including China, where a 34% tariff was imposed.
April 4th
China’s Treasury Department has retaliated a 34% tariff on imports from the US.
April 7th
This means that China could face a 104% tax on all exports as President Trump threatened more collections on Beijing with a 50% tariff and an additional 50% tariff, with China’s retaliatory tariffs.
April 9th
China responded with an additional 50% tariff on US goods. This means that an 84% import tax has been added on US goods that come to China.
President Trump later said he would suspend mutual tariffs for the next 90 days and raise tariff levels to 10% baseline. However, this did not apply to China. Instead, President Trump raised export tariffs to 125%.
April 10th
The White House said that in addition to the 20% tariffs already imposed, a mutual tariff of 125% on China will be collected, bringing the final tariff rate to 145%.
Which items were excluded?
On April 11, President Trump said smartphones, laptops and many other high-tech components would be spared from the so-called “mutual tariffs.”
The US Customs and Border Protection Agency lists 20 product categories, including all computers, laptops, disk drives, and automated data processing units. It also included semiconductor devices, equipment, memory chips and flat panel displays.
But on Sunday, Trump threatened new tariffs on Chinese electronic goods three days after his administration announced the exemption. On Monday, he proceeded with plans to introduce tariffs on semiconductors and drugs.
What does the US sell to China?
In 2024, the US sold $143.5 billion worth of goods to China.
China’s biggest purchases from the US were mineral fuels, oil seeds, machinery and aircraft. As a single product, soybeans are the largest export in the US to China, mainly used as pig feed.
In 2024, the main US exports to China include:
It accounts for 10.6% of electrical machinery, equipment and parts ($11.5 billion) that accounts for 10.7% of mineral fuel ($13.4 billion) and mineral fuel ($13.4 billion) that accounts for 10.7% of total exports, and 9.1% of exports due to nuclear power, $4.5 billion and mechanical furniture. Export exports of export aircraft, spacecraft and parts ($10.2 billion) account for 8.1% of total exports.
What does the US buy from China?
In 2024, the US purchased $439 billion worth of goods from China.
China is a major supplier of electrical and electronic equipment, including chips, laptops, and smartphones to the US.
The main US imports from China in 2024 are:
Electrical machinery, equipment and parts ($123.8 billion), which accounts for 28.2% of imported imported furnaces, boilers, machines and machinery equipment ($30 billion), accounts for 18.7% of imported goods, which accounts for 18.7% of imported goods, gaming and sports equipment ($30 billion). ($18.5 billion) accounts for 4.2% of imports.
What do each US state buy most from China?
California buys most of the other states from China, according to the US International Trade Agency. In 2024, I purchased $122.8 billion worth of products.
Illinois imported the second-largest product from China for $42.1 billion, then purchased $35.9 billion worth of goods.
Texas sells most of the other states to China. In 2024, it sold $22.5 billion in goods to China. California sold its second state for $15.1 billion, followed by Washington for $12 billion.
Check the table below to see which states export and export most to China.
What are the main items that come from China by state?
Other manufactured goods are major imports from 15 states, including Connecticut, Georgia, Idaho, Kansas, Kentucky, Massachusetts, Minnesota, Missouri, New Jersey, Ohio, Oklahoma, Vermont, Virginia, Washington and Wyomin.
These include items such as the production of jewelry and silver products, the production of sports and athletic goods, the production of dolls, toys, games, and all other other manufacturing.
Communications equipment is ranked second and is the top imports of six states: Florida, Illinois, Indiana, Nevada, Pennsylvania and Tennessee.
Which US states sell the most to China?
Animal slaughter and processing is a major export to China from six states, including Colorado, Iowa, Kansas, Nebraska, South Dakota and Utah.
Aerospace Products and Parts are top exports from five states: Arizona, Connecticut, Florida, Kentucky and Ohio.
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