12 June 2025 | 9:22AM EDT US Daily: A Slightly Smaller Tariff Effect (Mericle) Jan Hatzius +1(212)902-0394 | jan.hatzius@gs.com Goldman Sachs & Co. LLC Alec Phillips +1(202)637-3746 | alec.phillips@gs.com Goldman Sachs & Co. LLC David Mericle +1(212)357-2619 | david.mericle@gs.com Goldman Sachs & Co. LLC Ronnie Walker +1(917)343-4543 | ronnie.walker@gs.com Goldman Sachs & Co. LLC Manuel Abecasis +1(212)902-8357 | manuel.abecasis@gs.com Goldman Sachs & Co. LLC Elsie Peng +1(212)357-3137 | elsie.peng@gs.com G ...

The US raised "reciprocal tariffs" on China to 125% on April 9, but announced a 90-day pause on such tariffs on other economies, replacing it with a broad 10% tariff hike. The "reciprocal tariffs" is in addition to the 20% tariff hikes (related to fentanyl control) that have already been implemented by the Trump administration since early February this year, and on top of the tariffs added during the first Trump administration and Biden era. China has retaliated with similar tariff hikes on US goods since t ...

ab 15 April 2025 Global Research China Economic Perspectives China Economic Outlook: Bracing For More Tariffs More US tariffs on China and China retaliated Electronics imports are excluded from "reciprocal tariffs" for now On April 11, US CBP posted a notice that exempted smartphones, computers, semiconductors and other electronics goods from the US reciprocal tariffs, which we think also includes those related imports from China. These latest exemptions added an estimated $64 billion of US imports from Chi ...