Tariff Calculator Logo

Trump Tariff News & Calculator

Stay informed about the latest tariff developments and calculate their impact on your imports

Latest Tariff News

May 5, 2025 Reuters

Trump Administration Imposes 120% Tariffs on Low-Value Chinese Packages

The Trump administration has implemented a 120% tariff on Chinese packages valued under $800, affecting online retailers like Shein and Temu. This change eliminates the previous "de minimis" exemption that allowed these goods to enter the US duty-free.

May 2, 2025 Bloomberg

China and US Begin Informal Tariff Negotiations

Chinese and US officials have begun preliminary discussions aimed at reducing tariffs, with China exempting approximately $40 billion worth of American goods from tariffs while the US has exempted about $102 billion worth of Chinese imports.

April 29, 2025 Trade Compliance Resource Hub

Trump Signs Anti-Stacking Order for Multiple Tariffs

President Trump signed an executive order preventing the "stacking" of multiple tariffs on the same goods, providing relief for importers facing multiple duties. The order applies retroactively to entries since March 4.

April 24, 2025 Wall Street Journal

Commerce Department Finalizes Solar Panel Tariffs

The Commerce Department finalized plans for tariffs on Chinese solar panel makers with factories in Southeast Asia, with the lowest tariff at 41%. Products from Cambodia face duties of 3,521% because its producers did not cooperate with the US investigation.

April 23, 2025 CNBC

New Section 232 Investigations Initiated

The Commerce Department launched new Section 232 investigations into critical minerals, derivative products, and medium/heavy-duty trucks and truck parts, potentially leading to additional tariffs on national security grounds.

April 11, 2025 The New York Times

Electronics Exempted from China's 145% Tariff Rate

The Trump administration has temporarily exempted smartphones, laptops, and other electronics from the sweeping 145% tariffs on Chinese imports, offering relief to tech companies and consumers.

Market Impact Highlights

Stock Market

The S&P 500 has fallen 8.4% below its record high, while the tech-heavy Nasdaq Composite has dropped 13.6% from its peak amid tariff uncertainty.

Source: CNBC
Retail

Major retailers like Walmart expect to pass some tariff costs on to consumers, while online shopping platforms like Shein and Temu face new challenges from the elimination of the de minimis exemption.

Source: Reuters
Manufacturing

US manufacturers are considering reshoring operations as tariffs make imported goods less competitive, though many face challenges in quickly adjusting supply chains.

Source: Bloomberg
Consumer Goods

The average American household is expected to face $1,300-$3,800 in additional costs annually due to tariff-related price increases on everyday products.

Source: Tax Foundation

Most Affected Products

  • Automobiles

    Facing 25% tariffs, with potential price increases of $2,500-$10,000 per vehicle
  • Electronics

    While some products have received exemptions, most face significant tariffs that could raise prices by 20-145%
  • Clothing

    Products from Asian manufacturers face tariffs of 37-145%, with children's apparel particularly affected
  • Home Goods

    Furniture, appliances, and housewares face tariffs ranging from 10-145% depending on origin
  • Groceries

    Imported foods including coffee, chocolate, olive oil, and specialty imports are subject to new tariffs

Trade Partner Responses

China Active

Response: Imposed matching 34% tariffs on US goods and added export controls on rare earth materials

Status: Ongoing negotiations with US officials regarding potential tariff reductions

Canada Active

Response: Implemented 25% tariffs on US-made vehicles and parts in response to US tariffs

Status: USMCA-compliant goods remain exempt from tariffs

European Union Active

Response: Put steel and aluminum tariff retaliation on hold for 90 days

Status: Negotiating with US officials for reduced tariff rates

Japan Active

Response: Prime Minister called the situation a "national crisis" as banking shares plunged

Status: Expected to receive priority in negotiations due to early engagement