On Wednesday, China made a big announcement: they’re raising tariffs on U.S. goods to a hefty 84%. This new rate kicked in at 12:01 PM on Thursday, as stated by the General Administration of Customs of China.
According to the official notice, any goods from the U.S. that left their origin point before 12:01 PM on April 10th and are imported between April 10th and May 13th, 2025, will be exempt from this new tariff. Companies bringing in these “in-transit goods” need to confirm that their shipments were sent out before the cutoff and make sure customs declarations are filed by the May 13th deadline.
For all U.S.-origin goods declared for import after the cutoff, the new tariff will apply. The tariff rate will be calculated by adding the current Most-Favored-Nation (MFN) or provisional tariff rate to the new additional tariff.
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Importers looking for exemptions for goods in transit must submit their applications after the goods have been cleared through customs. If the goods come from special customs supervision zones, bonded warehouses, or processed trade zones, exemption applications also need to be in before the May 13th deadline.
This increase in tariffs is just another chapter in the ongoing trade tensions between the world’s two largest economies, with both sides engaging in a back-and-forth of measures. The trade dispute poses a risk of further straining the trade relations that saw significant export and import activity between the two nations in 2024.