Trump hands China 125 percent tariff, partial respite for India and 74 other countries

Trump made these announcement on social media, stating that the decision to raise tariffs on China was due to the lack of respect China has shown to the world’s markets. He mentioned that China’s actions of “ripping off” the US and other countries will no longer be accepted.

China decries US tariffs as ‘unilateral bullying’ and ‘blackmail’

If Trump implements his new tariffs on Chinese products, US tariffs on Chinese goods would reach a combined 104 percent. The new taxes would be on top of the 20 percent tariffs announced as punishment for fentanyl trafficking and his separate 34 percent tariffs announced last week.

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