China Now Faces up to a 245% Tariff on Imports to the United States, White House Says
In a bid to reinforce long-term economic stability and strengthen U.S. industry, the Trump Administration undertook a series of trade-focused executive actions aimed at realigning American trade policy.
On his first day in office, President Trump launched the “America First Trade Policy” to stimulate the U.S. economy. This initiative set the tone for a series of bold moves focused on protecting national interests and revitalizing American manufacturing.
Tariffs to Level the Playing Field
On Liberation Day, President Trump introduced a 10% tariff on all countries, along with tailored higher tariffs for nations with which the U.S. had significant trade deficits. This strategic move aimed to level the global trade playing field and bolster national security.
-
Over 75 countries engaged in talks following these measures.
-
Individualized tariffs were paused amid ongoing negotiations—except for China, which chose to retaliate.
-
In response to China’s counteractions, the U.S. imposed tariffs of up to 245% on Chinese imports.
Closing Loopholes and Strengthening Fairness
Further actions included:
-
Signing proclamations to close loopholes and reinstate a true 25% tariff on steel, and raising the aluminum tariff to 25%.
-
Introducing the “Fair and Reciprocal Plan” to ensure equitable trade relationships and eliminate unfair agreements.
Protecting American Innovation
President Trump also signed a memorandum addressing the need to shield American innovation. This included potential tariffs to combat foreign-imposed digital service taxes, fines, and policies targeting U.S. companies.
Additional executive orders launched investigations into how imports of timber, lumber, copper, and their derivatives could endanger national security and economic resilience.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a "detective-like" mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
