The Trump administration has implemented a remarkable 245% tariff on goods imported from China, uncovered in a White House fact sheet. This tariff imposition marks a new phase of trade conflict between the United States and China. According to a recently released White House fact sheet, the decision was made in response to recent export restrictions and tariffs imposed by Beijing.
Source: aajtak
The White House stated, "China faces an import tariff of up to 245% in response to its counteractions."
Trump's directive highlights America's reliance on foreign sources, posing risks to supply chain stability over extended periods. The White House noted that this dependence amplifies risks to national security, technological advancement, and economic prosperity.
China Responds
Chinese Foreign Ministry Spokesperson Liu Jian responded, emphasizing, "China has repeatedly expressed its serious stance on tariffs. The tariff war was instigated by the United States. To safeguard its legitimate rights, interests, and international fairness and justice, China has taken necessary countermeasures, which are entirely appropriate and lawful. There are no winners in tariff and trade wars. While China does not wish to engage in these wars, it is not intimidated by them."
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US vs China
Previously, the tariff exchanges saw the United States levying a 145% duty on Chinese imports while China imposed a 125% fee on American goods. Beijing has also imposed export restrictions on certain goods, including those used by aerospace manufacturers and military contractors.
