Trump Raises Tariffs on Chinese Goods to 20% After Court Voids Earlier Levies
Updated
Updated · Crypto Briefing · Aug 24
Trump Raises Tariffs on Chinese Goods to 20% After Court Voids Earlier Levies
3 articles · Updated · Crypto Briefing · Aug 24
Summary
Chinese imports now face a cumulative 20% US tariff after President Trump imposed another levy, adding fresh cost pressure to trade between the world’s two largest economies.
The increase follows a February Supreme Court ruling that struck down broad tariffs imposed under IEEPA, forcing the administration to rebuild parts of its tariff regime under different legal authorities.
Tariff rates on Chinese goods had swung sharply through 2025—reaching as high as 145% before a November truce pulled them back—while the average weighted rate stood at 23.1% in mid-2026 and the effective paid rate at 21.6%.
An August 2026 report estimated $19 billion to $26 billion in annual tariff revenue is lost as Chinese exporters reroute shipments through places such as Canada and the EU to evade duties.
The administration has also imposed 10% to 12.5% tariffs on goods from 60 other trading partners, narrowing alternative sourcing options and reducing incentives to bypass China-specific duties.