Will Trump lower tariffs on China in April?

On April 2, 2025, Donald Trump announced a 34% reciprocal tariff on all imports from China, set to take effect on April 9, 2025, at 12:01 a.m. EDT, in addition to an existing 20% tariff (totaling 54%), as part of the “Liberation Day” tariff plan (see: https://www.whitehouse.gov/briefing-room/presidential-actions/2025/04/02/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/).

This market will resolve to “Yes” if Donald Trump signs any federal legislation or performs any executive action that lowers, pauses, delays, or removes any tariffs on imports from China by April 30, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

Actions that lower, pause, delay, or remove any tariffs on Chinese imports will qualify, including changes to the 34% reciprocal tariff, the existing 20% tariff, or any other existing or new tariffs specifically targeting Chinese goods.

Only the removal of tariffs specifically targeting China will qualify. For example, the removal of the 10% general tariff on all imports into the U.S., or a tariff on specific Chinese provinces or entities, will not count toward this market’s resolution.

Any action officially enacted within the market’s time frame will qualify, regardless of when the change goes into effect.

This market’s primary resolution source will be official information from the Trump administration; however, a consensus of credible information from major news outlets or government statements will also be used.