Welcome listeners to China Tariff News and Tracker. Today’s update comes amid a pivotal period in US-China trade relations, as tariffs under President Donald Trump’s administration continue to shape the global economic landscape.
According to Polymarket, on August 11, 2025, the United States and China agreed to a 90-day extension of their mutual tariff reductions, part of a temporary trade de-escalation deal that was designed to cool ongoing tensions. As of now, expectations suggest that the general tariff rate on US imports from China will likely remain in the 25 to 40 percent range through November 2025, as the extension keeps these steep tariffs in effect for most goods crossing between the world’s two largest economies.
The tangible impact of these tariffs is becoming more apparent to everyday Americans. Nasdaq reports that clothing and footwear prices have risen between 10 and 20 percent this year, while wool, silk, and leather products have jumped up to 36 percent. Cars and car parts, especially those reliant on foreign components, have seen price increases above 8 percent. Even basics like groceries, personal care products, and energy costs have edged higher, with some categories, such as personal care and imported food, now noticeably more expensive due to both direct US tariffs on Chinese goods and retaliatory tariffs from China, Canada, and the EU.
According to international trade experts cited by Nasdaq, the average American household is now paying anywhere from $2,300 to $3,800 more per year—primarily due to these tariff-driven price hikes. Lower-income families are reportedly hardest hit, losing up to 4 percent of their disposable income. The effects are especially pronounced for goods that rely heavily on global supply chains, like electronics and furniture, which continue to experience “sticky inflation” that shows little sign of abating into 2026.
Economists and analysts cited suggest that while domestic manufacturing is seeing modest gains thanks to reduced foreign competition and some new reshoring, this has only partially offset the higher costs for consumers. Additionally, the US-China trade dispute is driving changes in agricultural markets, with lower prices for American exports such as soybeans and pork, helping consumers short-term but hurting US farmers and the broader agricultural sector.
Looking forward, the consensus among experts is that inflation related to tariffs will remain a significant economic pressure point, keeping core inflation at around 3 percent through mid-2026. Households are being advised to shop strategically, focus on private-label brands where possible, and only make major purchases when absolutely necessary.
That wraps up today’s episode of China Tariff News and Tracker. Thank you for tuning in. Don’t forget to subscribe to stay on top of the latest developments. This has been a quiet please production, for more check out quiet please dot ai.
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