#TrumpTariffs The current tariff rate imposed by the US on Chinese goods is 145%. Here's a breakdown of how it works:

- *Base Tariff*: The Trump administration introduced a universal 10% "minimum base tariff" on all imported goods.

- *Reciprocal Tariff*: An additional 145% tariff is imposed on Chinese goods, consisting of:

- *Existing Tariff*: 20% tariff introduced earlier this year

- *Reciprocal Tariff Rate*: 125% tariff imposed as a response to China's retaliatory actions

*Tariff Exemptions*: Some products are exempt from the additional reciprocal tariffs, including ¹:

- *Steel and Aluminum Articles*: Already subject to Section 232 tariffs (25% rate remains)

- *Autos and Auto Parts*: Also subject to Section 232 tariffs

- *Copper, Pharmaceuticals, Semiconductors, and Lumber Articles*: Exempt from additional tariffs

- *Bullion and Energy Minerals*: Not subject to the 145% tariff

*Impact*: The high tariff rate is likely to significantly impact Chinese exporters, particularly small manufacturers of consumer goods relying on the US market. This may lead to:

- *Increased Prices*: Higher tariffs on Chinese goods will likely raise prices for US consumers

- *Shift in Trade Dynamics*: Chinese exporters may explore alternative markets, such as Southeast Asia, Africa, and Latin America

- *Trade Negotiations*: China's countermeasures, including tariffs on US goods, may be aimed at gaining leverage in potential trade negotiations.