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
ColumnistsSep 23, 2025
Quiet Luxury: What Fall’s Top Trend Means for JewelersEmmanuel Raheb shares tips on how a jeweler’s showcases, marketing, and social media presence can whisper, instead of shout.
MajorsSep 23, 2025
Ames Watson Completes $140M Acquisition of Claire’sThe private equity firm has a plan to revive the mall staple.
SourcingSep 23, 2025
Super Smalls’ New Book Introduces Kids to Gems, Fine JewelryThe “Super Book of Gems” dives into the Mohs Hardness Scale, the Four C’s, and designs from jewelers like Cartier and Bulgari.
Brought to you by
reDollar.com Is Rolling Out the Next Level Jewelry, Diamond & Watch Consignment ProgramWith their unmatched services and low fees, reDollar.com is challenging some big names in the online consignment world.
MajorsSep 23, 2025
Mattioli Names Kering Exec as New CEOClaudio Pasta will take the lead at the Italian fine jewelry brand, succeeding company founder Licia Mattioli.
Weekly QuizSep 19, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsSep 23, 2025
Monique Lhuillier Adds Fashion Jewelry to Kay Jewelers LineThe new lab-grown diamond jewelry offering is the latest expansion of the designer’s “Bliss” collection.
SourcingSep 22, 2025
Rio Tinto Announces Final ‘Beyond Rare’ TenderThe miner is honoring the end of an era with an offering of 52 lots from the now-closed Argyle and the soon-to-close Diavik mines.
Brought to you by
Rallying Call for the Jewelry Industry on Tariffs and Other Key IssuesJewelers of America is leading the charge to protect the industry amidst rising economic threats.
MajorsSep 22, 2025
Jewelry Manufacturer Vibhor Acquires AlorThe California-based fine jewelry brand will retain its identity post-acquisition, with new collections launching next year.
CollectionsSep 22, 2025
Gurhan's Collection is an 'Untamed' ZooThe “Untamed” collection centers on carved gemstone jewelry depicting a range of animals embodying one of the four elemental forces.
EditorsSep 19, 2025
These Female Athletes Had the Best Jewelry of the SummerFrom Coco Gauff’s hoops to Madison Keys’ diamond medallion, these are Senior Editor Lenore Fedow’s standout jewelry looks of the season.
CollectionsSep 19, 2025
Piece of the Week: Vanessa Fernández Studio’s ‘Curva’ Wrap HoopsThe trendy earrings feature asymmetrical drops, one with a grossular garnet and the other with a diamond.
Recorded WebinarsSep 19, 2025
Watch: A Step-by-Step Guide to Using TikTok and Instagram ReelsFour social media marketing experts discuss their go-to methods and favorite tools for making high-quality short-form video content.
Supplier BulletinSep 18, 2025
Will Your Design Define 2026? Enter The Spectrum & Cutting Edge AwardsSponsored by American Gem Trade Association
SurveysSep 18, 2025
Deloitte Thinks the Holidays Will Be Merry, PwC Isn’t So Sure In its holiday report, PwC said the season will be more like jazz—improvisational and less predictable—than an easy-to-follow melody.
MajorsSep 18, 2025
Pandora to Open New Distribution Center in MarylandThe jewelry giant will relocate its existing facility to a larger space in Anne Arundel.
CollectionsSep 18, 2025
Ashley Zhang Launches Garçon New YorkThe designer, who is the creative force behind her namesake brand, has now started a new mini line focusing on chains for fathers and sons.
SourcingSep 18, 2025
SSEF Opens Applications for 2 Gemology Education Scholarships The awards include tuition for a course at the Swiss lab, economy flights, and hotel accommodation.
TechnologySep 18, 2025
Hill & Co. Launches AI Strategy ProgramThe 21-day program was designed to help jewelry retailers identify opportunities and eliminate inefficiencies with AI.
AuctionsSep 17, 2025
Mythical Set of Patek Philippe Pocket Watches Expected to Sell for $10M+A set of four Patek Philippe “Star Caliber 2000” pocket watches is part of Sotheby’s upcoming auction in Abu Dhabi.
TrendsSep 17, 2025
Silvia Furmanovich’s Book Tells the ‘Journey of a Jeweler’The Brazilian jeweler’s latest book marks her namesake brand’s 25th anniversary and tells the tale of her worldwide collaborations.
WatchesSep 17, 2025
Bob’s Watches Acquires Vintage Rolex Won on ‘The Price is Right’ The Submariner Ref. 1680 with a Tiffany & Co. dial came from the original owner, who won it as a prize on the game show in the 1970s.
TechnologySep 17, 2025
Jewelers Mutual Launches Shipping Solution App for Shopify The new integration allows users to manage shipments directly from the Shopify dashboard.
EditorsSep 16, 2025
Out & About: 7 Great Quotes From Converge in CarlsbadAt Converge 2025, Editor-in-Chief Michelle Graff attended sessions on DEI, tariffs, security, and more. Here are her top takeaways.
CrimeSep 16, 2025
2 Robbery Suspects Killed in California Pawn Shop ShootoutSix people were shot last week at an Oakland cash-for-gold shop as employees exchanged gunfire with individuals trying to rob the store.
CollectionsSep 16, 2025
Chopard Adds New Designs to Its ‘Ice Cube’ Capsule CollectionThe jeweler has expanded its high jewelry offering, which launched last year, with new pieces featuring its cube motif that debuted in 1999.
SourcingSep 16, 2025
Natural Diamond Council Launches Retailer Accreditation ProgramBen Bridge Jeweler and Lux Bond & Green were a part of the pilot program.
