The Trump administration announced that tariffs on all Chinese imports stand at 145%, effective April 10.

The White House said that recent hikes ordered by President Donald Trump were in addition to the 20% tariff he imposed on Chinese goods in February.

China has retaliated with tariffs on U.S. goods of 84%, effective April 9.

Chinese fasteners comprised 18% ($1.2 billion) of total U.S. fastener imports in 2024, according to the Commerce Department.

During 2024, wire rod imports to the U.S. rose 19% to 1.12 million tons, according to the American Iron and Steel Institute.

In 2025, U.S. wire rod producers have increased prices, including a $100 increase by Nucor Corp., which also manufactures industrial fasteners.

Amid escalating trade tensions, some Chinese exporters are ditching shipments mid-voyage and surrendering containers to shipping companies to avoid crushing tariff costs.

Industry insiders have dubbed the move “preparing for the Long March,” a grim metaphor for what many see as a prolonged and punishing downturn in cross-Pacific trade.