May 11, 2025

Talks between the US and China this weekend in Switzerland mark the culmination of months of escalating retaliatory tariffs. US duties on Chinese imports stand at 145%, countered by China's 125% tariffs on US goods. President Trump hopes for progress in negotiations, willing to lower tariffs with concessions. Here's a timeline of how tariffs reached historic highs since early 2025. On Feb 1, 2025, Trump imposed 10% tariffs on China, later increasing to 20%. China retaliated with tariffs on US farm products. In April, both countries imposed 34% tariffs on each other, leading to further escalations with threats of additional tariffs. The ongoing trade tensions have adversely impacted both economies.

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Tags: Us-china tariffs, Trade war, Tariffs negotiations,