Updates: Policy/News/Markets, April 9, 2025
— Trump order on higher tariffs on China, higher fees on de minimis items from China. The White House released
an executive order (link) signed by President Donald Trump to put the
higher tariffs in place on Chinese goods, moving the additional tariffs from 34% to 84%, reflecting the additional 50% duty that Trump ordered after China retaliated by imposing a 34% tariff on imports of US goods. The order also increases the tariffs on de minimis items (those with a value under $800) to 90% from a prior 30% and the dollar level from May 2 to June 1 from $25 to $275 and from June 1 forward from $50 to $150.
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