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Geneva Talks Lead to Delicate Truce
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Geneva Talks Lead to Delicate Truce

Talks between US and Chinese negotiators in Geneva over the weekend were more constructive than anticipated. In a joint statement, the two sides drastically reduced baseline tariffs on the other for 90 days to facilitate further negotiations. The reprieve will bring some relief to US companies and consumers, but tariff rates remain high and negotiators face several obstacles to a durable settlement.

Trade talks set to begin, pharma 232’s, and AI export controls
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Trade talks set to begin, pharma 232’s, and AI export controls

Senior US officials are set to meet with a Chinese trade delegation this weekend in Switzerland. The meetings signal a potential thaw in tensions following weeks of tariff escalation first initiated by the United States.

Washington Update USCBC Government Affairs
China Trade Talks in Standoff, Treasury Considers Revoking Tax Treaty, and De Minimis Ends for Chinese Goods
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China Trade Talks in Standoff, Treasury Considers Revoking Tax Treaty, and De Minimis Ends for Chinese Goods

The Trump administration this week signaled a willingness to soften its tariff stance, offering relief for certain imports while continuing to pursue trade agreements with countries seeking relief from reciprocal duties. Reprieve for China imports, however, remains minimal.

Washington Update USCBC Government Affairs
Trump Administration Open to China Trade Talks, USTR Finalizes Port Fees and Proposes New Tariffs
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Trump Administration Open to China Trade Talks, USTR Finalizes Port Fees and Proposes New Tariffs

After weeks of aggressive posturing toward China, the Trump administration this week took a softer tone and suggested a willingness to negotiate soon. President Donald Trump on Tuesday said that tariffs on China could come down substantially, though he did not indicate when or to what extent.

Washington Update USCBC Government Affairs
Trump Signals New Tariffs on Exempted Products, USTR Announces Shipbuilding Final Decision
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Trump Signals New Tariffs on Exempted Products, USTR Announces Shipbuilding Final Decision

The Trump administration took the first step this week to place new duties on products temporarily exempted from US reciprocal tariffs unveiled on April 2. President Donald Trump last weekend announced exemptions for a wide range of electronics, including smartphones and semiconductor manufacturing equipment, offering a reprieve from tariff rates as high as 195%.

Washington Update USCBC Government Affairs
Trump Raises Reciprocal Tariffs on China to 125%, Administration’s Trade Policy Faces Scrutiny at Greer Hearing

Trump Raises Reciprocal Tariffs on China to 125%, Administration’s Trade Policy Faces Scrutiny at Greer Hearing

President Donald Trump on Wednesday declared a 90-day pause on reciprocal tariffs for all countries except China, increasing China’s rate to 125%. Added to the 20% tariffs imposed last month to address fentanyl concerns, these new duties bring the overall punitive US tariff rate imposed on Chinese goods this year to 145%.

Washington Update USCBC Government Affairs
Trump Announces New and Expansive Reciprocal Tariffs
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Trump Announces New and Expansive Reciprocal Tariffs

President Donald Trump on Wednesday unveiled his reciprocal tariff plan, which imposes a 10% baseline tariff on most countries and much higher tariffs on certain trading partners, including a 34% rate for China that will go into effect at midnight on April 9.

Washington Update USCBC Government Affairs
Trump Narrows Tariff Plans, Senator Daines Visits Beijing, and USTR Holds Hearing on Chinese Shipbuilding
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Trump Narrows Tariff Plans, Senator Daines Visits Beijing, and USTR Holds Hearing on Chinese Shipbuilding

President Donald Trump suggested this week that next week’s reciprocal tariff announcement may be more narrow than first portrayed. He noted that the tariffs will “be more lenient than reciprocal,” with some exceptions and the possibility that not all tariffs will be announced on April 2.

Washington Update USCBC Government Affairs
Trump Imposes Additional 10% Tariff on Chinese Imports, Eliciting Strong Response From Beijing
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Trump Imposes Additional 10% Tariff on Chinese Imports, Eliciting Strong Response From Beijing

President Donald Trump on Tuesday followed through on his threat to increase the baseline tariff rate on all Chinese products from 10% to 20%, effective immediately. The announcement cites China’s inaction to stop the flow of fentanyl precursor chemicals to North America. The administration has not indicated plans for an exclusion process.

Washington Update USCBC Government Affairs
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