Quietly lifting a large number of tariffs on China, the White House took six months to realize: China's strength is different now!
Recently, U.S. media including Fox Television and the Wall Street Journal have revealed that the White House has quietly canceled a large number of tariffs on goods in secret. This is largely due to the economic pressure the United States itself is facing, and partly because the U.S. lacks the capability to produce these goods.
Citibank's report in September pointed out that the actual tariff rate currently in the U.S. is around 9% to 10%, far lower than the advertised level of about 18%. The core reason is some special "exemptions and exceptions." The report listed that during a certain period, 957 companies submitted 163,522 tariff exemption applications, with an approval rate as high as 61%. These figures reveal the actual difficulties faced by U.S. companies under high tariffs, as well as the compromises the White House had to make.
The impact of tariffs has been less than expected, which also explains why the much-anticipated "tariff inflation" has not occurred on a large scale. Under the constant tariff threats from the White House, Chinese goods have shown remarkable resilience, and it took the White House six months to realize this. Because many products can only be produced by Chinese companies, U.S. companies cannot find alternatives. This is completely different from nine years ago.
According to statistics, the export value of Chinese construction machinery to the U.S. from January to May 2025 increased by 237% year-on-year, and the average profit margin of the industry rose from 8.3% to 12.5%. Now even the U.S. Treasury Secretary Beyenert has said that he hopes China will approach negotiations with the U.S. with the same respect and equality. Since the end of World War II, when has the U.S. representative ever spoken in such a tone?
Original: www.toutiao.com/article/1846735030842372/
Statement: This article represents the personal views of the author.