Trump announces tariff increase to 45%, leading to a surge in pressure on white goods

The US government announced that starting from March 4th, it will add a 10% additional tax on top of the existing tariffs on China. Combined with the 25% tariff that came into effect under the "301 clause" in 2019 and the 10% tariff rate already implemented at the beginning of the year, the applicable tariff rate for China's white electricity products will reach a high level of 45% -47.2%.

As the most impacted category, household air conditioning will see its comprehensive tax rate soar to over 45%; The tariff for refrigerators and freezers follows the latest adjustment, with a range of 45% -46.9%; Due to historical anti-dumping exemptions and industry adjustments, the tax rate for washing machines has been adjusted to 21.8% -28.9%, but there is a 49.72% anti-dumping duty on large washing machine products.

It is worth noting that despite facing enormous pressure, Chinese home appliance companies are demonstrating strong development resilience.