SourcingMay 01, 2025
Tariffs & Colored Gemstones: Relying on Stock, Considering the Ripple EffectPolicies & IssuesMay 12, 2025
Tariffs on Chinese Imports Temporarily Slashed as U.S.-China Reach Deal
Following weekend negotiations, the tax on Chinese goods imported into the United States will drop by 115 percent for the next 90 days.
The United States and China have reached a deal that brings a temporary halt to the trade war between the two nations. For the next 90 days, the tariffs on Chinese goods imported to the United States will be lowered to 30 percent, while the tax on U.S. goods going into China drops to 10 percent.
Washington, D.C.—Following a weekend of negotiations in Geneva, Switzerland, the White House announced Monday that the United States has reached a deal with China that will temporarily reduce tariffs on Chinese imports to the U.S.
In a statement, the Trump administration said the U.S. and China will each lower tariffs by 115 percent for 90 days while officials for both sides try to hammer out a long-term deal.
This means that the tax on Chinese goods coming into the U.S. (which includes goods from Hong Kong) has been reduced from 145 percent to 30 percent, while the tariff on U.S. goods entering China has been cut from 125 percent to 10 percent.
These changes are slated to go into effect by Wednesday.
The now-30 percent tariff on Chinese goods is assessed in addition to whatever pre-existing 301 tariffs importers already are paying on the goods they bring in from China, Jewelers Vigilance Committee President, CEO, and General Counsel Sara Yood noted.
The 90-day deal between the U.S. and China turns down the heat on a trade war that was poised to significantly impact the world’s two largest economies, and stock markets and the U.S. dollar jumped following the announcement.
In a joint statement issued Monday, the U.S. and China said they recognize “the importance of their bilateral economic and trade relationship to both countries and the global economy” and of the two countries having a “long-term, and mutually beneficial, economic and trade relationship.”
They said they plan to move forward “in the spirit of mutual opening, continued communication, cooperation, and mutual respect.”
Related stories will be right here …
In a statement, the Trump administration said the U.S. and China will each lower tariffs by 115 percent for 90 days while officials for both sides try to hammer out a long-term deal.
This means that the tax on Chinese goods coming into the U.S. (which includes goods from Hong Kong) has been reduced from 145 percent to 30 percent, while the tariff on U.S. goods entering China has been cut from 125 percent to 10 percent.
These changes are slated to go into effect by Wednesday.
The now-30 percent tariff on Chinese goods is assessed in addition to whatever pre-existing 301 tariffs importers already are paying on the goods they bring in from China, Jewelers Vigilance Committee President, CEO, and General Counsel Sara Yood noted.
The 90-day deal between the U.S. and China turns down the heat on a trade war that was poised to significantly impact the world’s two largest economies, and stock markets and the U.S. dollar jumped following the announcement.
In a joint statement issued Monday, the U.S. and China said they recognize “the importance of their bilateral economic and trade relationship to both countries and the global economy” and of the two countries having a “long-term, and mutually beneficial, economic and trade relationship.”
They said they plan to move forward “in the spirit of mutual opening, continued communication, cooperation, and mutual respect.”
The trade war with China has been building since April 2, when President Donald Trump announced a sweeping slate of tariffs that included a 10 percent across-the-board tariff on all goods imported into the U.S., as well as higher “reciprocal” tariffs on nearly 60 nations.
Key countries in the jewelry supply chain, including India, Thailand, Vietnam, Switzerland, and Botswana, were on the reciprocal tariff list.
However, hours after those tariffs took effect on April 9, Trump announced a 90-day pause to allow for negotiations.
The baseline tariff of 10 percent remains in place for all goods and those import taxes are levied in addition to existing duties importers already pay.
More on Policies & Issues
The Latest
MajorsSep 10, 2026
Lagos Founder Steven Lagos Steps Down as CEO Keith Rolfe, CFO and COO of Lagos, is now at the jewelry brand’s helm while Steven takes on the role of executive chairman.
CrimeSep 10, 2026
FBI Offers $50K Reward for ‘Most Wanted’ Fugitive in $1M Jewelry HeistAlberto Perez-Elias is one of four men charged in the armed robbery of a Cape Coral, Florida, jewelry store and remains at large.
AuctionsSep 10, 2026
Massive Matched Pair of Paraíba Tourmalines Head to Sotheby’sThe “Kat Florence Luminas” will be offered together as one lot and could fetch up to $637,000.
Brought to you by
Your Piece Could Be the One Editors Talk AboutSubmit your pieces for a chance to win in this year's competition.
SourcingSep 10, 2026
AGTA Announces 4 Newly Elected DirectorsFour directors were elected to the AGTA board and will serve three-year terms beginning in February.
Weekly QuizSep 10, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
AuctionsSep 10, 2026
Former Sotheby’s, Christie’s Exec Appointed CEO of Julien’s Auctions Ken Citron joins the celebrity memorabilia-focused auction house ahead of its first week-long series of events in Abu Dhabi.
FinancialsSep 09, 2026
Signet Jewelers to ‘Double Down’ on Blue Nile Amid Strong SalesThe jewelry retailer said it sees opportunity at higher price points, particularly in natural diamonds for bridal and fashion.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
IndependentsSep 09, 2026
Sarah Leonard Fine Jewelers Closes After Nearly 80 YearsThe Los Angeles-based, family-owned jeweler was founded by Lenny and Sunny Friedman in 1946.
SourcingSep 09, 2026
Fura Gems Notes ‘Remarkable’ Interest in Larger Rubies at Latest SaleThe auction, held in Bangkok, was 96 percent sold by lot, with nearly 411,000 carats of Mozambiquan rubies sold.
MajorsSep 09, 2026
Stuller’s Latest Catalog Includes Its New Demi-Fine CollectionFine Jewelry 2027-2028 has more than 900 new styles, including silver, gold-filled, gold-plated sterling silver, and vermeil jewelry.
IndependentsSep 08, 2026
Ricky Bromberg, Longtime President of Bromberg & Co., Dies at 67 Bromberg is remembered as a Southern gentleman who always wore a suit and tie and treated others with kindness.
TrendsSep 08, 2026
Amanda’s Style File: A Hot Take on September’s Birthstone With high durability and a wide range of colors to choose from, sapphires may be the ultimate birthstone, Gizzi claims.
ColumnistsSep 08, 2026
Peter Smith: Humor Is No Laughing MatterLaughter is often considered a distraction in the workplace, but it has benefits for both staff and management, Peter Smith writes.
MajorsSep 08, 2026
Former Tiffany & Co. Exec Joins Exemplar Luxury GroupGretchen Koback Pursel is the new chief people officer at the company formerly known as Saks Global.
IndependentsSep 04, 2026
Orloff Jewelers Will Soon Unveil a Bigger, Better LocationThe California jeweler is renovating its store in Fresno, with plans to show off the new space in December.
CollectionsSep 04, 2026
Chelsea Gabrielle Transforms Pilates Reformer Springs Into Ring A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.
Events & AwardsSep 04, 2026
JCK Industry Fund Accepting 2027 ApplicationsThe deadline to apply is Nov. 13.
AuctionsSep 04, 2026
Christie's Names New Global Head of WatchesThe auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.
EditorsSep 03, 2026
Q&A: Simon G.’s CEO on Why He Won’t Use AI for Jewelry DesignZaven Ghanimian discussed the value of human craftsmanship and where the implementation of artificial intelligence does work.
Events & AwardsSep 03, 2026
Here Are the First Recipients of Nina Pugliese Memorial Scholarship Jewelers of America also revealed the recipients of the Seymour & Evelyn Holtzman Bench Scholarship and its own scholarship programs.
WatchesSep 03, 2026
Robert Pattinson Joins Jaeger-LeCoultre as Brand AmbassadorThe British actor, known for his roles in “Twilight” and “The Odyssey,” will star in a campaign for the Master Control Chronometre.
CollectionsSep 03, 2026
Sydney Evan Celebrates 25 Years With 4 New CollectionsThe “Confetti Disco,” “Champagne Cheers,” “Tuxedo,” and “Classic Punk” jewelry collections each capture a distinct spirit of celebration.
CrimeSep 02, 2026
CA Jeweler Gets 5 Years in ‘Phantom Rolex’ Ponzi SchemeNelson Holdo of Newport Beach pleaded guilty to multiple counts of felony grand theft and writing bad checks and was sentenced Monday.
AuctionsSep 02, 2026
If You Love Cats, This Jewelry Auction Is for YouCat ladies of the jewelry world, unite. Sandy Lerner’s “significant” collection of cat jewelry and other objects is going up for auction.
MajorsSep 02, 2026
Messika Names Former Omega Exec as New President, CEO of AmericasArnaud Michon, the former Omega USA President, will now lead Messika’s Americas region during its international development.
Events & AwardsSep 02, 2026
Emerald’s New Owner Introduces ‘Glitter in the Grove’The branding references the back-to-back jewelry shows that new parent company Forge will host in Miami's Coconut Grove this November.
