New U.S.-China Deal Temporarily Lowers Tariffs on Travel Goods
May 12, 2025 – Big news this morning: President Trump has announced a temporary tariff “deal” with China that could significantly impact travel goods imports. Please read the full update below:
Today (May 12), the United States and China announced a “deal” (Fact Sheet) to temporarily lower tariffs between the United States and China.
The “deal” temporarily lowers tariffs on U.S. imports from China from 145% to 30% and temporarily lowers tariffs on U.S. exports to China from 125% to 10%.
The lower tariffs go into effect for goods entering the United States on May 14 and will remain in place until August 12 (90 days).
· We are still waiting for specific guidance from U.S. Customs and Border Protection (CBP).
· Note that these tariffs are “stacked” on top of current tariffs. Examples:
- Textile duffel bags/handbags from China – 17.6% normal tariff + 25% Section 301 tariff + 20% Trump 2 fentanyl tariff + 10% “reciprocal” tariff = 72.6% total tariff.
- Hardsided luggage from China – 20% normal tariff + 25% Section 301 tariff + 20% Trump 2 fentanyl tariff + 10% “reciprocal” tariff = 75.0% total tariff.
Separately, negotiations continue between the U.S. and other major sourcing countries – Vietnam, Cambodia, Thailand, India, Indonesia, etc.
- President Trump has said other deals, like last week’s U.S.-UK deal, will be announced in the next few weeks.
- In the meanwhile, U.S. travel goods imports from those countries remain subject to additional 10% “reciprocal” tariffs.
TGA will share more details as they become available. Watch the HUB and breaking emails for more info.
We’ll continue monitoring developments closely and will share further updates as soon as more information becomes available. For questions or clarification, please contact the TGA team directly at [email protected].