In the intricate landscape of international trade, the question of how much China charges for US imports has become a topic of intense scrutiny. This is not merely a matter of numbers but a crucial factor shaping the economic relationship between the world’s two largest economies.
Recent Policy Changes
On April 2, 2025, the US government declared “reciprocal and equivalent tariffs” on Chinese goods exported to the US. In response, in accordance with laws and regulations such as the Tariff Law of the People’s Republic of China, the Customs Law of the People’s Republic of China, and the Foreign Trade Law of the People’s Republic of China, as well as the basic principles of international law, and with the approval of the State Council, the Tariff Commission of the State Council announced measures. Starting from 12:01 on April 10, 2025, an additional 34% tariff will be imposed on all US - originated imports.
It’s worth noting that current bonded and tax - exemption policies remain unchanged, and the newly imposed 34% tariff is not eligible for exemption. Also, for goods that had departed from the port of origin before 12:01 on April 10, 2025, and were imported between 12:01 on April 10, 2025, and 24:00 on May 13, 2025, the additional tariff will not be levied.
Impact on Different Sectors
Semiconductor and Electronic Integrated Circuits
The US holds a leading global position in semiconductor technology. In 2024, its exports of semiconductor and electronic integrated circuits to China reached approximately $30 billion. The new tariff policy will likely increase costs for Chinese importers, potentially slowing down the procurement pace. However, China’s continuous investment in domestic semiconductor R & D might also accelerate the progress of self - sufficiency in this area.
Pharmaceutical Products and Raw Materials
With exports of around $20 billion in 2024, the US pharmaceutical industry has a significant presence in China’s health market. The tariff hike may lead to higher prices for US - made drugs and medical equipment in the Chinese market. As a result, Chinese companies may turn to alternative sources, such as domestic pharmaceutical manufacturers or those from other countries.
Metals and Minerals
Exports of metals and minerals from the US to China, worth about $17 billion in 2024, play a crucial role in China’s construction, manufacturing, and new energy sectors. The additional tariff may push up costs for Chinese enterprises, prompting them to explore other suppliers or recycle more resources.
Vehicles and Components
The US exported approximately $15 billion worth of vehicles and components to China in 2024. The 34% tariff will make US - made cars and parts less price - competitive in the Chinese market. Chinese consumers may choose to purchase vehicles from domestic automakers or those from other countries.
Broader Economic Implications
China’s decision to impose additional tariffs on US imports is not only a response to US trade measures but also an attempt to safeguard its legitimate economic interests. The reciprocal tariffs may lead to a slowdown in bilateral trade growth. However, it may also encourage China to diversify its import sources, reduce dependence on the US market, and strengthen economic cooperation with other countries.
Moreover, China’s measures showcase its commitment to upholding the multilateral trading system. By taking action based on international laws and regulations, China demonstrates that it will not tolerate unfair trade practices.
In conclusion, the 34% additional tariff on US - originated imports represents a significant development in the China - US trade relationship. As the situation continues to unfold, it will be crucial to monitor how both countries adapt to these changes and whether they can find a mutually beneficial solution to resolve their trade disputes.