Breaking News: U.S. Announces Sweeping Tariff Hikes, Scraps $800 De Minimis Rule for China

Washington, D.C., April 2 (Eastern Time) – Former President Donald Trump unveiled a bold new tariff plan today, dramatically escalating trade measures against China and imposing broad-based import taxes. Key highlights include:

✅ China-Specific Tariffs: Cumulative duties on Chinese goods will surge to 54% (a 34% increase atop February’s 20% hike).
✅ Universal Baseline Tariff: A 10% tariff on imports from all countries, with exemptions for select items (e.g., pharmaceuticals, copper, semiconductors).
✅ End of $800 De Minimis Exemption for China: Effective May 2, all Chinese goods—regardless of value—will face tariffs. Additionally:

25 minimum duty per international postal package** (rising to **25minimumdutyperinternationalpostalpackage∗∗(risingto∗∗50 in June).
✅ Auto & Parts Tariffs: A 25% levy on engines, tires, laptops, and other components.

The move signals a drastic tightening of trade policy, potentially reshaping global supply chains and consumer costs.




Stay tuned for further updates.