27.2 C
Dubai
May 18, 2025
World

Total tariffs on China now stands at 145% – White House

The US tariff rate on Chinese imports now effectively totals 145%, the White House said.A White House official confirmed to CNBC on Thursday that the US tariff rate on Chinese imports now effectively totals 145%, as 125% tariff comes on top of a 20% fentanyl-related tariff that were previously imposed on China.The 145% duties apply across all goods imported from China, the official clarified. In addition, the US continues to maintain 25% tariffs on aluminum, automobiles, and imports from Canada and Mexico that fall outside the United States-Mexico-Canada Agreement (USMCA), along with 105 customs duties on all other global imports.The announcement comes a day after US President Donald Trump declared a 90-day suspension of new tariffs on several other countries, opting instead to raise tariffs on Chinese imports from 104% to 125%. (QNA)

Related posts

Ukraine and Russia trade barbs over ceasefire breaches

admin

Spain sends 10,000 more troops to flood epicentre

Trump would have been convicted of election subversion, says report

admin

Residents return to burned homes as LA fires rage on

admin

Travellers warned to expect Tenerife hotel protests

admin

Trump blasts judges, fuelling fear of constitutional clash

admin

Leave a Comment