On April 2, 2025, the United States announced a 34% "reciprocal tariff" on all Chinese goods exported to the United States;

On April 4, the State Council Tariff Commission stated that a 34% tariff would be imposed on all imported goods originating from the United States;

On April 9, the United States imposed a 50% tariff on China;

On April 9, the State Council Tariff Commission issued an announcement that from 12:01 on April 10, the tariff rate stipulated in the "Announcement of the State Council Tariff Commission on Imposing Tariffs on Imported Goods Originating from the United States" will be adjusted. The tariff rate for all imported goods originating from the United States will be increased from 34% to 84%; The next day, the China Semiconductor Industry Association issued a notice recommending that the chip declaration origin standard be adjusted from the packaging and testing site to the wafer production site. According to the new regulations, the tariffs imposed on chips produced by the United States and sold to China will be as high as 125%;

On April 10, the United States imposed an additional 21% on China, which took effect immediately;

On April 11, China increased its tariff on the United States from 84% to 125%, which took effect on April 12;

On April 15, the White House website released a fact sheet on the 232 investigation of key minerals and derivatives, mentioning that because China took retaliatory measures against the US "reciprocal tariff", "China is now facing a tariff of up to 245% on products imported into the United States (up to a 245% tariff)".

On the same day, the State Council Information Office held a press conference, and Sheng Laiyun, deputy director of the National Bureau of Statistics, introduced the operation of the national economy in the first quarter of 2025 and answered questions from reporters. Some media asked about the impact of the US "reciprocal tariff" on China's GDP. Sheng Laiyun said that in the short term, the high tariffs imposed by the United States will bring certain pressure to our country's foreign trade and economy, but it will not change the general trend of China's continued long-term improvement in the economy. China's economic foundation is stable, resilient and has great potential. We have the confidence, ability and confidence to cope with external challenges and achieve the established development goals.

On April 17, at the regular press conference of the Ministry of Foreign Affairs, in response to relevant questions from reporters, Foreign Ministry spokesman Lin Jian said that you can ask the US side about the specific tax rate figures. China has repeatedly stated its solemn position on the tariff issue. This tariff war was initiated by the US. China has taken necessary countermeasures to safeguard its legitimate rights and interests and international fairness and justice, which is completely reasonable and legal. There are no winners in tariff wars and trade wars. China is unwilling to fight, but it is not afraid of fighting.

According to the latest news, US President Trump made a speech in public on Tuesday (April 22) local time. He admitted that the current US tariffs on Chinese exports are too high and the tax rates are expected to be significantly reduced. This marks that Trump's attitude on his iconic tariff policy has eased. On Tuesday, US Treasury Secretary Benson also said at an event at JPMorgan Chase that the tariff war between China and the United States will soon cool down.