CNBC Reports:
Total Tariff Rate on China Reaches 145%
Including 20% Tariff for Fentanyl Issues
On the 10th (local time), US economic news channel CNBC reported that the total additional tariff rate imposed by US President Donald Trump on China is 145%.
On that day, CNBC cited a White House official saying that the tariff rate imposed by the US on Chinese imports is 145%.
Earlier, President Trump raised the tariff rate on China twice in response to China's reciprocal tariffs, increasing it from the original 34%. He set the first retaliatory additional tariff on China at 84%, up 50%, and then raised the tariff rate to 125% as a second retaliatory measure the day before. This applies only to reciprocal tariffs, and when combined with the tariffs previously imposed by the US on all Chinese imports?10% twice, totaling 20%, due to fentanyl (opioid painkiller) control issues?the total tariff rate on China amounts to 145%, according to the White House.
President Trump raised the reciprocal tariff on China to 125% just over 13 hours after the full implementation of reciprocal tariffs and postponed the country-specific reciprocal tariffs on other countries for 90 days. Accordingly, countries other than China are only subject to a basic 10% tariff. By narrowing the tariff front to China for the time being and with China also announcing strong countermeasures, the US-China trade conflict is escalating into a 'strong versus strong' confrontation.
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