The US tariff rate on Chinese imports now effectively totals 145%, following the recent hike approved by President Donald Trump, CNBC reported, citing a White House official.
The total tariffs imposed on Beijing include a 20% fentanyl-related tariff that Trump previously imposed on China, the source explained.
Trump’s latest executive order hikes tariffs on Beijing to 125% from 84%.
The US tariff rate on Chinese imports now effectively totals 145%, following the recent hike approved by President Donald Trump, CNBC reported, citing a White House official.
The total tariffs imposed on Beijing include a 20% fentanyl-related tariff that Trump previously imposed on China, the source explained.
Trump’s latest executive order hikes tariffs on Beijing to 125% from 84%.
