The United States will impose an additional 10% tariff on Chinese goods, effective March 4

On February 27, 2025, local time, US President Trump announced that an additional 10% tariff would be imposed on Chinese goods. This decision was made on the basis of the 10% tariff imposed on Chinese goods on February 1, which means that the cumulative tariff on Chinese goods exported to the United States may reach 20%. The additional tariff measures will take effect on March 4.

Trump claimed that the reason for the additional tariffs was that the United States believed that China had failed to effectively curb the flow of drugs such as fentanyl into the United States. The amount of drugs pouring into the United States from Canada and Mexico was "unacceptable", a large part of which was the deadly opioid fentanyl, which caused more than 100,000 drug deaths in the United States last year, and he blamed China. In addition, Trump also mentioned that the tariff measures on Canada and Mexico will also take effect on March 4.

China has previously retaliated against the US tariff measures. Starting from February 10, 2025, China will impose additional tariffs on some imported goods originating from the United States, including a 15% tariff on coal and liquefied natural gas, and a 10% tariff on crude oil, agricultural machinery, large-displacement cars and pickup trucks. In addition, China has launched an antitrust investigation into Google and included the US PVH Group and Illumina on the unreliable entity list.

A spokesperson for China's Ministry of Commerce said that the US tariff measures seriously violated the rules of the World Trade Organization, which was not only unhelpful in solving its own problems, but also undermined the normal economic and trade cooperation between China and the US. China has taken the US tariff measures to the WTO dispute settlement mechanism.

The US tariff policy has led to an increase in global trade tensions, and this series of measures may have an impact on the global industrial chain and supply chain.

Author ✎ Nianyi/TT123

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