🔄 90-Day Tariff Reduction Agreement
The United States and China have agreed to a 90-day pause in their escalating trade war, significantly reducing tariffs during this period:
- U.S. Tariffs on Chinese Goods: Reduced from 145% to 30%.
- Chinese Tariffs on U.S. Goods: Reduced from 125% to 10%.
This agreement aims to ease trade tensions and foster further negotiations.
🚭 Impact on the U.S. Vaping Industry
Despite the general tariff reductions, the U.S. vaping industry continues to face significant challenges:
- Previous tariffs on Chinese vape products: cumulatively 170%:
- 25% base tariff from 2018.
- In April, the Trump administration set the base tariff on Chinese imports at 145%
These elevated tariffs are part of a broader strategy to reduce dependency on Chinese imports, particularly in industries like vaping, where over 90% of hardware and disposables are sourced from China.
So now the US vape tariff within 90 days is 30% + 25% base tariff from 2018 = 55%
