Donald Trump escalates the trade war with China even more, as tariffs on Chinese products are expected to reach 145%, well above those he announced. According to CNBC, the White House confirmed the fact, stating that the overall US tariff rate in Chinese imports increased to 145%. The increase is followed by Donald Trump’s new executive decree, which increases tariffs to 125%, from 84%. An additional 20%duty, linked to measures aimed at fentanyl -related imports, raises the total amount to the current level. A White House message for duties earlier, the White House announced that the duties announced by Donald Trump could fall below 10%, as long as there is a remarkable agreement. “I think everyone understands that 10% is the threshold for our duties. And it would need a remarkable deal to want the president to go lower, “the CNBC told CNBC […]
Source: News Beast
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