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
SourcingJan 26, 2026
Tucson Preview 2026: Earthy Tones and Innovative Shapes Buyers are expected to gravitate toward gemstones that have a little something special, just like last year.
SourcingJan 26, 2026
Angolan Diamond Cos. Join NDC as Rio Tinto, Murowa Exit Endiama and Sodiam will contribute money to the marketing of natural diamonds as new members of the Natural Diamond Council.
MajorsJan 26, 2026
Francesca’s To Close All StoresThe retailer operates more than 450 boutiques across 45 states, according to its website.
Brought to you by
How Jewelers Can Fight Back Against Cell JammersCriminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.
MajorsJan 26, 2026
BIJC Names 5 New Board MembersThe new members’ skills span communications, business development, advocacy, and industry leadership.
Weekly QuizJan 22, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsJan 26, 2026
Tiffany & Co. Celebrates 189 Years of Love StoriesThe jeweler’s 2026 Valentine’s Day campaign, “Celebrating Love Stories Since 1837,” includes a short firm starring actress Adria Arjona.
GradingJan 26, 2026
DCA Updates Colored Gemstone CourseThe new features include interactive flashcards and scenario-based roleplay with AI tools.
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
MajorsJan 23, 2026
Watches of Switzerland Acquires 4-Store Jewelry Chain in TexasFamily-owned jewelry and watch retailer Deutsch & Deutsch has stores in El Paso, Laredo, McAllen, and Victoria.
WatchesJan 23, 2026
Damiani Group to Acquire Baume & MercierThe Italian luxury company purchased the nearly 200-year-old Swiss watch brand from Richemont.
TrendsJan 23, 2026
Martin Katz’s Earrings Call to Mind Wintry Weather Micro-set with hundreds of diamonds, these snowflake earrings recreate “winter’s most elegant silhouette,” and are our Piece of the Week.
MajorsJan 23, 2026
Rembrandt Charms Names New Director of Creative, Brand StrategyElla Blum was appointed to the newly created role.
Supplier BulletinJan 22, 2026
The Rise of Centralized Sourcing in the Colored Gemstone MarketSponsored by RapNet
MajorsJan 22, 2026
Lugano Diamonds Finds a BuyerInvestment firm Enhanced Retail Funding, a division of Gordon Brothers, was the successful bidder.
SourcingJan 22, 2026
De Beers To Release ‘A Diamond Is Forever’ BookIt explores the history of the iconic tagline and the company’s strategy to redefine the role of diamonds in society.
MajorsJan 22, 2026
Swarovski Appoints New North America PresidentRetail veteran Sindhu Culas has stepped into the role.
MajorsJan 22, 2026
Stuller Names New Chief Merchandising, Marketing, Sales OfficerTaylor Burgess, who has been at Stuller since 2013, was promoted to the newly created role.
PodcastsJan 21, 2026
Episode 1: High Gold Prices, the Diamond Dilemma, & What’s NextWas 2025 a good year for jewelers? Did lab-grown diamonds outsell natural? Find out on the first episode of the “My Next Question” podcast.
EditorsJan 21, 2026
6 Jewelry Designers Poised to Have a Breakout Year in 2026Whether you recognize their jewels or are just discovering them now, these designers’ talent and vision make them ones to watch this year.
CrimeJan 21, 2026
4 Men Charged in $1.7M California Smash-and-Grab Jewelry Store RobberyPlus, JSA’s Scott Guginsky discusses the need for jewelers to take more precautions as the gold price continues to climb.
IndependentsJan 21, 2026
Delaware Jeweler Felice Morris Dies at 91Morris’ most cherished role was being a mother and grandmother, her family said.
CollectionsJan 21, 2026
Bulgari Weaves New Collection of ‘Vimini’ Creations“Vimini” is the first chapter of the “Bulgari Eternal” collection that merges archival pieces with modern creations.
Events & AwardsJan 21, 2026
Jewelers Mutual’s ‘Conversations’ Retreat Returns to Discuss AIThe third edition will be held in Half Moon Bay, California, in April.
Events & AwardsJan 20, 2026
These Are the 5 Finalists for the David Yurman Gem Awards GrantThe grant is in its first year and was created to recognize an exceptional fine jewelry designer whose star is on the rise.
ColumnistsJan 20, 2026
First-Party Data Is the Most Valuable Asset Jewelers Have in 2026Data built on trust, not tracking, will be key to success going forward, as the era of “borrowed attention” ends, Emmanuel Raheb writes.
MajorsJan 20, 2026
Borsheims Hires New Assistant Facilities ManagerHeath Yarges brings two decades of experience to the role.
EditorsJan 16, 2026
Remembering Pete Yantzer for His Contributions and His Kindness Pete’s boundless curiosity extended beyond diamond cut and he was always eager to share his knowledge with others, no matter the topic.
