U.S. President Donald Trump has raised duties on goods from China to 145 percent, CNBC reports, citing the White House.
“The White House clarifies that Trump’s tariffs on Chinese goods are now 145 percent,” the publication said.
The American leader on April 2 announced the introduction of reciprocal duties on imports from other countries. The basic minimum rate will be ten percent. But almost every country will face increased rates – they were calculated based on the trade deficit figures of the States with a particular state to achieve a balance.
On China, the new tariffs were stacked on top of those already in place and initially reached 54 percent. In response, China’s State Council imposed additional duties of 34 percent on all U.S. goods.
The U.S., for its part, increased duties to 104 percent, to which Beijing responded with an additional tariff rate of 84 percent. Trump then raised tariffs on China to 125 percent.
As Chinese Foreign Ministry spokesman Lin Jian noted, there are no winners in the tariff war, Beijing does not want to fight, but is not afraid to fight either.