Donald Trump's latest tariff hike on Beijing brings additional rate on some Chinese goods to 145 pct: White House
Washington DC/IBNS: President Donald Trump's steep tariff hike on Chinese goods took effect on Thursday, bringing the US's additional rate on many products to 145 percent, the White House confirmed.
On Wednesday, Trump announced a 90-day hold on tariffs for all other countries except Beijing. The order came to effect on Thursday.
After the US raised tariffs on China to 104 percent, Beijing retaliated, announcing that it would impose a levy of 84 percent on US imports, up from 34 percent, marking a significant escalation of the tariff trade war between the countries.
The US counter-strike was swift, with Trump announcing that he was raising tariffs on China even further- to 125 percent - effective immediately.
This takes the total tariffs Trump has imposed on Chinese products this year to 145 percent, adding all existing levies from past administrations.
But the latest 125 percent figure on China contains some exclusions.
It excludes products like steel and aluminum imports, as well as autos, on which Trump slapped separate 25 percent tariffs under separate regimes.
The high levy does not apply to goods such as copper, pharmaceuticals, semiconductors, lumber, and energy products, some of which Trump has signaled plans to target separately.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
Taipei metro attacks: Smoke grenades, stabbing rampage kill 3, trigger security alert across Taiwan
Taipei/IBNS: A rare wave of violence ripped through Taiwan’s capital on Friday as coordinated attacks involving smoke grenades and knife assaults struck busy metro locations in Taipei, killing three people and injuring several others.
Two years, one room, mountains of trash: China’s esports hotel horror sparks gaming addiction debate
Beijing/IBNS: What began as a routine checkout at an esports hotel in northeast China quickly turned into a scene that has unsettled social media and reignited debate over gaming addiction.
Hadi killing fallout: Why mob ransacked and torched Dhaka’s leading media houses
For the first time since its inception, Dhaka-based Bengali daily Prothom Alo failed to publish its print edition on Friday after a violent mob stormed its headquarters.
US launches Operation Hawkeye Strike in Syria targeting ISIS after Americans killed
Washington DC/IBNS: The United States has launched a military operation dubbed Operation Hawkeye Strike against the Islamic State (ISIS) in Syria to avenge a deadly attack in Palmyra that killed three Americans, media reports said.
Latest News
Taipei metro attacks: Smoke grenades, stabbing rampage kill 3, trigger security alert across Taiwan
Fog can’t silence Modi: PM slams ‘cut and commission’ TMC in virtual Taherpur address
Two years, one room, mountains of trash: China’s esports hotel horror sparks gaming addiction debate
Hadi killing fallout: Why mob ransacked and torched Dhaka’s leading media houses
