The White House on Thursday clarified that goods coming from China to the US are now subject to at least a 145% tariff.
According to a CNN report, the 125% “reciprocal” tariff announced by President Donald Trump on Wednesday will be added to the existing 20% tariff on Chinese goods.
The White House said that the tariffs are cumulative, confirming earlier uncertainty over whether the new rate would be applied separately.
Trump has tied that 20% tariff to illegal immigration and the flow of fentanyl into the US, which he’s accused China of playing a role in, added the report.
Trump also hiked the tariffs on goods less than $800 coming from China to 120% as of May 2.
The move marks another escalation in US trade policy toward China even as President Trump earlier climbdown from a wider tariff onslaught against the rest of the world.
Content retrieved from: https://www.firstpost.com/world/125-tariff-on-chinese-goods-in-addition-to-existing-20-bringing-total-to-145-clarifies-white-house-13878885.html.
