Orders plummeted by 50%! The US's 20% tariff increase officially took effect!

Recently, a "heavy hammer" of US trade policy has fallen again. Less than a month after the last tariff increase on Chinese goods, Trump announced a new measure, which is to increase tariffs on Chinese goods by an additional 10%.

On March 3, 2025, local time in the United States, or 1:01 p.m. on March 4, Beijing time, Trump officially signed an executive order: increasing the additional tariffs on China from 10% to 20%.

US President Trump has used tariffs, one of his favorite economic tools, to reshape America's foreign trade strategy.

At the same time, Trump said that the 25% tariff policy on imports from Canada and Mexico will "take effect as planned on March 4.

That is, the United States will impose a unified 25% tariff on all imported steel and aluminum products, canceling the previous exemption policy for some countries (such as Canada and Mexico's duty-free quotas). This measure covers steel and aluminum products from all source countries , including aluminum products that were previously taxed at 10%.

Faced with the US tariff provocation, China also quickly fought back!

On March 4, the Tariff Commission of the State Council issued an announcement to impose additional tariffs on some imported goods originating from the United States starting from March 10, 2025. Among them, a 15% tariff will be imposed on chicken, wheat, corn, and cotton, and a 10% tariff will be imposed on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products.

In addition, corresponding tariffs will be levied on imported goods listed in the appendix originating from the United States on the basis of the current applicable tariff rates, and the additional tariffs will not be reduced or exempted.

Industry insiders revealed that in order to cope with the tariff challenges, some cross-border e-commerce platforms have raised the prices of some low-priced goods in February, causing American consumers to be more worried about possible price increases in goods in the future, thereby delaying or reducing purchases.

Many sellers still expect sales to decline this month. Some sellers even said: "With the implementation of the 20% tariff, the market reshuffle is accelerating, and the industry elimination rate may rise again in 2025. Only two types of sellers can survive: either they have a high-quality supply chain or they understand the trend bonus.

With the implementation of the 20% tariff, cross-border e-commerce sellers will face great challenges.

In the short term, rising costs and market fluctuations are inevitable. But in the long term, through long-term paths such as supply chain reconstruction, diversified layout and technological innovation, sellers are still expected to find new growth points in the anti-globalization wave.

It is recommended that sellers strengthen cooperation with high-quality supply chains, improve product quality and production efficiency, and reduce costs. At the same time, actively expand diversified markets and reduce dependence on a single market. And improve operational efficiency and customer experience through technological innovation and digital transformation.