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March 6, 2025
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4 minute read
US adds additional 10% import tariff on all articles from China
This week, the US imposed an additional 10% import tariff on goods from China in effect from Tuesday. This is on top of the 10% tariff imposed from last month and any prior pre-existing levies.
“Drugs are still pouring into our country from Mexico and Canada at very high and unacceptable levels. A large percentage of these drugs, much of them in the form of Fentanyl, are made in, and supplied by, China,” Trump wrote.
As we noted in an insight to clients last month, the 10% tariff added in early February will see tariffs on rare earth imports raised to 10%-15.9%. The new tariff top up this week has lifted that figure to 20%-25.9%.
