Trump tariff hike brings added China rate for many goods to 145%

Trump tariff hike brings added China rate for many goods to 145%

WASHINGTON: &nbsp, US President Donald&nbsp, Trump‘s steep&nbsp, tariff&nbsp, hike&nbsp, targeting Chinese&nbsp, goods, which took effect Thursday ( Apr 10 ), &nbsp, brings&nbsp, Washington’s additional&nbsp, rate&nbsp, on&nbsp, many&nbsp, products&nbsp, to&nbsp, 145&nbsp, percent, the White House confirms.

Trump’s 90-day block in new duties&nbsp, for&nbsp, lots of places has come into place, a White House get showed.

But he has also doubled down by raising new tariffs on Chinese imports&nbsp, to&nbsp, 125 percentage, a figure that stacks atop a 20 percent more responsibility from earlier in the year over&nbsp, China’s reported role in the morphine supply chain.

This takes the entire tariffs&nbsp, Trump&nbsp, has imposed on Chinese goods this year&nbsp, to&nbsp, 145&nbsp, percentage, stacking on existing charges from earlier administrations.

But the latest 125 percent figure on&nbsp, China, aimed at addressing practices Washington has deemed unfair, contains notable exclusions.

It excludes products like steel and aluminum imports, as well as autos, which&nbsp, Trump&nbsp, slapped separate 25 percent tariffs on under separate regimes.

The number also does not apply&nbsp, to&nbsp, goods &nbsp, such as copper, pharmaceuticals, semiconductors, lumber, and energy products, some of which&nbsp, Trump&nbsp, has signaled plans&nbsp, to&nbsp, target separately too. &nbsp,

All of this paints a more complicated picture of&nbsp, tariff&nbsp, levels, even as tensions soar between Washington and Beijing.