(Bloomberg) — President Donald Trump’s tariffs on Chinese imports are now at least 145%.
That includes both a 125% rate that covers “reciprocal” duties as well as levies imposed on China for retaliating against US import taxes, according to a White House memo. It also encompasses a 20% rate imposed by Trump earlier this year over fentanyl trafficking.
The stark US tariffs on the world’s second largest economy follow an escalating tit-for-tat trade war that has unnerved global financial markets.
Trump’s tariff rollout has been marked by confusion over the rates being levied against different countries and seen the president on Wednesday put off plans to impose sweeping higher levies on select trading partners even as he escalated his actions against Beijing.
More stories like this are available on bloomberg.com
https://protect-ca.mimecast.com/s/3G0WCE8k3qiWk4K2HNap63?domain=ftp.us-midwest-1.vip.tn-cloud.net
(Bloomberg) — President Donald Trump’s tariffs on Chinese imports are now at least 145%.
That includes both a 125% rate that covers “reciprocal” duties as well as levies imposed on China for retaliating against US import taxes, according to a White House memo. It also encompasses a 20% rate imposed by Trump earlier this year over fentanyl trafficking.
The stark US tariffs on the world’s second largest economy follow an escalating tit-for-tat trade war that has unnerved global financial markets.
Trump’s tariff rollout has been marked by confusion over the rates being levied against different countries and seen the president on Wednesday put off plans to impose sweeping higher levies on select trading partners even as he escalated his actions against Beijing.
More stories like this are available on bloomberg.com
https://protect-ca.mimecast.com/s/3G0WCE8k3qiWk4K2HNap63?domain=ftp.us-midwest-1.vip.tn-cloud.net
