China's retaliatory actions... 

”" />



Latest News News

White House: Trump Raises Tariffs on Chinese Imports to 245%

White House: Trump Raises Tariffs on Chinese Imports to 245%

 China's retaliatory actions have resulted in up to a 245 per cent tariff on imports to the United States, according to a fact sheet released by the White House. Prior to the latest revision, a 145 per cent tariff was being levied on Chinese exports to the United States.

US President Donald Trump had imposed reciprocal tariffs on dozens of countries with which the country has a trade deficit. Later, President Trump decided to pause the tariffs for 90 days after many countries initiated talks with the US administration for a trade deal.

"More than 75 countries have already reached out to discuss new trade deals," the White House fact sheet said.

 

 

"As a result, the individualised higher tariffs are currently paused amid these discussions, except for China, which retaliated," the fact sheet added.

For the time being, a baseline tariff of 10 per cent would be applicable on US imports.

Leave a Comment