US Imposes Massive 55 Percent Tariffs on China Amid Trade War Escalation Threatening Global Supply Chains and Jobs Podcast By cover art

US Imposes Massive 55 Percent Tariffs on China Amid Trade War Escalation Threatening Global Supply Chains and Jobs

US Imposes Massive 55 Percent Tariffs on China Amid Trade War Escalation Threatening Global Supply Chains and Jobs

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 Welcome to the China Tariff News and Tracker podcast. Today is July 9, 2025, and there are major updates on the tariff front between the United States and China under the Trump administration. Listeners, the big headline right now is that the United States and China reached a pivotal deal in June, setting U.S. tariffs on Chinese imports at a massive 55 percent, while China’s tariffs on American goods stand at 10 percent, according to Time Magazine. This represents one of the highest tariff rates from the U.S. side in decades and is part of a broader effort by President Trump to fundamentally reshape the terms of trade with China.

Just this week, President Trump issued an executive order updating neighbors and partners on new reciprocal tariffs, but importantly, the changes and deadline extensions do not apply to China. The 55 percent tariff rate remains locked in for Chinese imports under Executive Order 14298 from May 12, 2025, as outlined by trade law experts at internationaltradeinsights.com. Other countries, like Japan and South Korea, have had their deadline for higher tariffs pushed to August 1 to allow more time for negotiations, but China is excluded from any extension or negotiation window at this time.

This hardline stance is reshaping supply chains across Asia. Politico reports the White House has recently pressured countries like Vietnam to clamp down on transshipment of Chinese goods, threatening a 40 percent tariff on goods routed to the U.S. that originate in China. China’s Ministry of Commerce has condemned these deals, urging all parties to resist what it calls “tariff exemptions at the expense of China’s interests.” Chinese officials are calling for adherence to international trade rules, reminding Asian countries that their economic futures remain closely tied to China, whose trade with ASEAN nations topped $900 billion last year—double the region’s U.S. trade.

The economic cost of these tariffs is significant for the U.S. Michael Waugh of the Minneapolis Fed calculates the tariff rate on China jumped by 28.2 percentage points since February 1, 2025, meaning the current tariffs are costing the U.S. nearly 650,000 jobs due to higher input costs. If the U.S. were to revert to the peak tariff levels imposed earlier this spring, job losses could balloon to 2.3 million nationwide. Additional Chinese retaliation could strip away another 307,000 American jobs, particularly harming agricultural regions like the Midwest, which are heavily exposed to Chinese countermeasures.

Listeners, as we watch for next steps, the Trump administration’s stance is clear: tariffs on China are here to stay for now, and the economic and geopolitical ripple effects are just beginning to play out.

Thanks for tuning in to China Tariff News and Tracker. Don’t forget to subscribe for the latest updates. This has been a quiet please production, for more check out quiet please dot ai.

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