April 10, 2025 – Latest Update: Current Tariffs on Chinese Goods Including Magnets Now Total 145%
Today, the White House clarified that yesterday’s announced 125% tariff rate against China is actually 145% once 20% fentanyl tariffs are accounted for. This directly impacts critical raw materials and components used in magnet production, intensifying existing economic pressures for businesses reliant on these supplies.
Newest April 2025 Tariff Details (as of publication date 4/10/25)
- Date Announced: April 10, 2025
- New Tariff Rate: 145% on all Chinese goods, in addition to specific preexisting section tariffs
- Scope: Broad application, including key materials for magnet manufacturing
This follows a series of earlier tariff increases, creating significant challenges for sourcing and production strategies.
Recent Tariff Timeline on All Goods from China
- February 4, 2025: A 10% tariff is introduced
- March 4, 2025: An additional 10% tariff is levied
- April 3, 2025: Another 34% tariff imposed
- April 8, 2025: A New 50% tariff implemented, raising the total to 104%
- April 9, 2025: Tariffs were announced as 125% total
- April 10, 2025: The White House clarifies that the 125% figure for tariffs against China is actually 145% once 20% fentanyl tariffs are accounted for.
Impact on Adams Customers
The increased tariffs are expected to raise costs for raw materials and components critical to our industry. Despite these challenges, Adams Magnetic Products is committed to minimizing disruptions and effectively supporting our customers.
How Adams Is Responding
- Supply Chain Monitoring: We’re closely tracking global developments to maintain consistent product availability.
- Cost Management: Exploring alternative sourcing strategies to control costs without compromising quality.
- Transparent Updates: We’ll provide timely information on pricing or delivery changes to help you plan proactively.
Stay Updated
Visit our blog for the latest news, or contact our customer service team for questions about your orders. Adams Magnetic Products is here to support you through these changes with innovative solutions and reliable service.