The White House confirmed Thursday that U.S. tariffs on Chinese goods have now climbed to 145 percent, including a previously imposed 20 percent tariff related to fentanyl trafficking.
A White House official clarified that the updated total tariff rate on Chinese imports stands at 145 percent—correcting President Trump’s earlier statement on April 9, which mistakenly cited a 125 percent rate. The executive order signed by Trump indicated that the reciprocal tariff rate rose overnight from 84 percent to 125 percent, not accounting for the separate fentanyl-related tariff.
In a separate move, Trump announced a 90-day suspension of certain tariffs for countries showing a willingness to negotiate, while implementing a “substantially lowered reciprocal tariff” of 10 percent for those nations.
Trump clarified that the pause in global reciprocal tariffs would not apply to imports from China, stating that tariffs on Chinese goods will immediately rise to 125 percent "due to the lack of respect China has shown toward global markets." He announced the tariff adjustments on April 9 through his Truth Social platform. Explaining his decision, Trump acknowledged growing concerns, saying people were “getting a little bit yippy, a little bit afraid.” He also emphasized the importance of maintaining flexibility when negotiating with other countries and responding to market conditions.
No comments:
Post a Comment