U.S. President Donald Trump has increased import tariffs on goods from China even more than previously announced. On April 10, the White House explained that the previously declared 125% tariff includes an additional 20% imposed back in March. As a result, the total tariff rate for China now stands at 145%. This was reported by Western news agencies, according to the Adyrna national portal.
Trump justified the tax hike by citing Beijing’s inaction regarding the illegal trade of fentanyl. He also accused China of “not showing enough respect to the global market.”
Earlier, after the Chinese side doubled tariffs on U.S. goods to 20%, Beijing announced it would raise tariffs on American products from 34% to 84%.
In recent weeks, Donald Trump has introduced several trade tariffs on various goods imported into the U.S. from the European Union and other countries. Although on April 9 the U.S. President postponed the introduction of tariffs for many countries by 90 days, this decision did not apply to China. On the contrary, a 125% tariff was officially announced for the PRC.