Tariffs on China Reach 145 Percent After Latest Increase, White House Clarifies

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A White House official confirmed that the new tariff rate on Chinese products now totaled 145 percent, not 125 percent as the president suggested earlier.

WASHINGTONโ€” The White House confirmed on Thursday that U.S. tariffs on Chinese goods have risen to 145 percent, factoring in the earlier 20 percent tariffs imposed in connection with fentanyl trafficking.

A White House official confirmed to The Epoch Times that the new tariff rate on Chinese products now totals 145 percent, not 125 percent as the president suggested on April 9. The executive order signed by Trump stated that the reciprocal tariff rate increased overnight from 84 percent to 125 percent, which excludes the 20 percent fentanyl tariff.

Trump has announced a 90-day pause on certain tariffs for countries that have signaled their willingness to negotiate, while leaving in place โ€œa substantially lowered reciprocal tariffโ€ of 10 percent.

Trump noted that this pause would not apply to tariffs on imports from China, which the president said will immediately increase to 125 percent โ€œbased on the lack of respect that China has shown to the worldโ€™s markets.โ€

Trump announced the changes to his tariff plan on April 9 via his Truth Social platform.

He explained his decision to pause global reciprocal tariffs on April 9, saying that people were โ€œgetting a little bit yippy, a little bit afraid.โ€ He also cited the need to be flexible when working with countries to make deals and to respond to markets.

Current tariffs on steel, aluminum, and autos remain unchanged. Sectoral carve-outs previously issued by the White Houseโ€”on pharmaceuticals, lumber, copper, and semiconductorsโ€”remain unchanged.

Fentanyl-related tariffs on Canada and Mexico also remain unchangedโ€”that is, goods that donโ€™t fall under the U.S.โ€“Canadaโ€“Mexico free trade agreement are tariffed at 25 percent, except for energy and potash, which are subject to a 10 percent tariff.

Beijing announced on April 9 that it will impose tit-for-tat 84 percent retaliatory tariffs on U.S. goods entering the country in response to Trumpโ€™s new tariffs.

Treasury Secretary Scott Bessent said Beijingโ€™s latest escalation is a โ€œloserโ€ decision for the Chinese regime.

โ€œThey have the most imbalanced economy in the history of the modern world, and I can tell you that this escalation is a loser for them,โ€ he said in an interview with the Fox Business Network.

He pointed out that Chinaโ€™s exports to the United States are five times larger than U.S. exports to China.

Byย Emel Akan

Read Full Article on TheEpochTimes.com

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