📊 Tariff Overview
| Goods Category | U.S. Old Tariff | China Old Tariff | U.S. New Tariff | China New Tariff |
|---|---|---|---|---|
| General Chinese Imports to U.S. | 54% | — | 145% | — |
| Soybeans | — | 34% | — | 125% |
| Semiconductors | — | — | — | 125% |
| Agricultural Equipment | — | 34% | — | 125% |
| Consumer Electronics (e.g., Smartphones, Laptops) | 54% | — | 145% (temporarily reduced to 20%) | — |
📉 U.S. Trade Deficit with China (2024)
| Metric | Value |
|---|---|
| U.S. Trade Deficit (2024, est.) | $280–$300 billion |
| China's Reported Exports to U.S. (Jan–Oct 2024) | $427.8 billion |
| U.S. Census Monthly Deficit (Oct 2024) | $28 billion |
📦 1. General Chinese Imports to U.S.
Why targeted?
This broad category includes anything from apparel and plastics to furniture and tools. The United States planned to put pressure on China by targeting large amounts of low- to mid-value imports. These tariffs aim to:
- Encourage domestic manufacture and sourcing from other nations (such as Vietnam or Mexico).
- Force China to negotiate trade practices, particularly intellectual property and subsidies.
🌱 2. Soybeans
Why targeted by China?
China hit hefty tariffs on US soybeans because:
- The United States is one of the world's leading soybean exporters, while China is a major consumer.
- The majority of soybeans produced in the United States are grown in Midwestern states, which are politically powerful.
- This approach puts pressure on US farmers to oppose trade policy.
🖥️ 3. Semiconductors
Why targeted by China?
Semiconductors are critical components in the production of technology, including AI, cellphones, and military gear. China aims to:
- Reduce dependency on US technology (from corporations such as Intel and Qualcomm).
- Encourage indigenous chip development and technical independence.
🚜 4. Agricultural Equipment
Why has China targeted ?
Tractors and harvesters are examples of American exports from rural states. Tariffs on the following goods:
- Manufacturers such as John Deere feel the effects.
- Put pressure on US rural economies that support present trade policies.
- Disrupt the United States' supremacy in agricultural technology exports.
📱5. Consumer Electronics (Smartphones and Laptops)
Why targeted by the U.S.?
These are China's largest exports to the United States. The United States increased tariffs to:
- Force corporations to transfer their supply chains away from China.
- Apply pressure on China's electronic dominance.
- Encourage manufacturing in countries such as Vietnam, or return to the United States.
Tariffs were partially reduced (145% to 20%) to protect US consumers and technology companies.
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