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Tag: temporary tariff relief
Navigating the Trade Tempest: U.S. Companies Accelerate Imports Amid Temporary Tariff Relief
In April 2025, the United States and China agreed to a 90-day reduction in tariffs, lowering U.S. duties on Chinese imports from 145% to 30% and China's tariffs on U.S. goods from 125% to 10%. This temporary tariff relief prompted U.S. companies to expedite shipments from China, aiming to capitalize on the reduced tariffs before potential increases resume. The trade tensions, rooted in concerns over trade imbalances and national security, have significant implications for global supply chains and economic stability.