A new fact sheet from the White House shows that China now faces import tariffs of up to 245 per cent. The increase was made quietly, without a big announcement from Trump.
How Did It Reach 245 per cent?
The 245 per cent is not a flat rate for all Chinese goods. It’s a combined total of several older and new duties.
For example, Chinese syringes already had a 100 per cent duty from Biden’s time.
Trump has now added:
- 20 per cent fentanyl-related tariff
- 125 per cent reciprocal tariff
This brings the total to 245 per cent for some items.
Other Examples
- Woollen sweaters now face a 168.5 per cent duty.
- 16 per cent base tariff
- 7.5 per cent extra under Biden
- 20 per cent fentanyl tariff
- 125 per cent reciprocal tariff
These add up to 168.5 per cent.
No Tariffs on Tech
Smartphones and computers are not affected.
China Reacts
China’s reply was measured. A foreign ministry spokesperson said, You can ask the US side for the specific tax rate. He also said, China does not want a trade war, but is not afraid of one.
China’s Moves Against US
China has:
Stopped exporting rare earth materials
Paused orders for Boeing jets
Slowed imports of beef, poultry, and gas
The trade war between the US and China is heating up again.
You may also like
Donald Trump dealt major blow as Elton John makes huge announcement
Russell Brand comes under fire as local Oxfordshire pub bought for £850k is 'left to rot'
Navi Mumbai News: Victory Parade To Celebrate DPS Flamingo Conservation Reserve On April 20
Heavy rain-induced disasters kill 52 in Rwanda since April
Maharashtra Seeks Parent Feedback On Proposed Changes To RTE 25% Admission Policy