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Breaking news! Trump announced that he will impose an additional 10% tariff on China on March 4th!

2025-03-03

On February 27th local time, US President Trump announced that an additional 10% tariff will be imposed on Chinese products on March 4th. This is the Trump administration's move to escalate its tariff policy again after imposing a 10% tariff on China on February 4th this year. If this decision comes into effect, the cumulative tariffs imposed by the United States on China will reach 20%.FRC Cable, FRC Female Connector and reflector mold insert will be highly effected to export.

Trump claimed that the quantity of drugs flowing into the United States from Canada and Mexico is "unacceptably large", and a large part of the fentanyl "is provided by China", so additional tariffs are necessary. However, China has pointed out on multiple occasions that the root of the fentanyl problem lies within the United States itself. Shifting the blame and passing the buck cannot solve the problem, and coercion and threats are not the right way to deal with China.

Regarding the US tariff threat, the spokesperson of China's Ministry of Foreign Affairs expressed strong dissatisfaction and firm opposition, and will take all necessary measures to safeguard China's legitimate rights and interests. The Chinese Embassy in the United States also criticized the new US tariff threat, stating that "there are no winners" in a trade war and calling on the United States to correct its wrong practices.

Some analysts believe that due to China's relatively low dependence on trade with the United States, and the declining trade interdependence between the two countries, as well as the fact that the proportion of trade in China's economy has already declined, it is expected that Trump's tariff measures will have a limited impact on China. However, from a global perspective, the United States' imposition of tariffs on China and other countries may increase the risk of a broader trade war, which in turn may disrupt global trade and supply chains and impede global economic growth.