Tariffs on Chinese imports now effectively amount to 145 percent, according to a report from CNBC.
Donald Trump’s latest executive order raises the tariff rate on goods from China to 125 percent, up from the previous 84 percent. This increase builds on a 20 percent tariff previously introduced in response to issues related to fentanyl.
According to the administration, the decision is intended to address what it considers to be decades of unfair trade practices by China.
President Trump defended the new tariffs on Wednesday, writing on Truth Social that “the era of China enjoying US market access with no consequence is over.”
The White House has underscored that these measures are part of a larger strategy to bring manufacturing back to the US, strengthen national security, and push for more favorable trade agreements.
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