Economy and Policy

China Now Faces Up to 245% Retaliatory Tariff: White House

China remains the only country to have responded with tit-for-tat tariffs against the US amid the ongoing trade war and escalating tariff measures

US-China Trade War
info_icon

China now faces tariffs up to 245% on imports to the United States due to its retaliatory actions, the White House has said, as the trade war escalated between the world's two largest economies.

Separately in a post on Truth Social, President Donald Trump said on Tuesday that China "just reneged on the big Boeing deal, saying that they will “not take possession” of fully committed to aircraft".

He appeared to be confirming reports that China has asked its airlines not to take deliveries of planes from American aircraft manufacturer Boeing.

In the post, he also vowed to protect the US and its farmers in a trade war with its adversaries, such as China.

In a fact sheet issued on Tuesday, the White House said President Trump signed an executive order launching an investigation into the national security risks posed by US reliance on imported processed critical minerals and their derivative products.

"On Day One, President Trump initiated his America First Trade Policy to make America’s economy great again," it said.

"More than 75 countries have already reached out to discuss new trade deals. As a result, the individualized higher tariffs are currently paused amid these discussions, except for China, which retaliated," it said.

"China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions," the fact sheet said, without giving details.

China is the only country to have retaliated with tit-for-tat levies.

Published At:

Advertisement

Advertisement

Advertisement

Advertisement

×