New tariffs on imports from China take effect

From 9 April, new tariffs on goods from China, amounting to 104%, have taken effect in the US. This means that if the cost of a product, for example, $100, was previously subject to a standard tariff upon import into the US, importers will now have to pay $204 for the same item.

Increased costs for American companies

American companies engaged in importing from China will face significant economic consequences. This is expected to lead to price increases for goods such as electronics and household items, which make up a substantial portion of Chinese imports into the US.

Potential changes in supply: companies seek alternatives

The rise in tariffs may affect the business practices of many American companies, which may review their supply chains and reduce purchases of Chinese products. In search of favourable terms, they may begin looking for new sources of supply, possibly in other countries, which could also alter global trade chains.

China's reaction: "extortion and threats"

China expressed sharp dissatisfaction with the introduction of new tariffs, calling the US move "extortion" («шантажом»). Beijing promised "to fight to the end" («борьбу до конца»), vowing to take countermeasures to protect its interests.