The U.S. tariff rate on imports from China effectively totals 145% when the previously imposed fentanyl-related tariff is factored in, a White House official confirmed Thursday.
President Donald Trump’s latest executive order increased tariffs on China to 125%, but that amount is added to the 20% fentanyl tariff he imposed previously, reported CNBC.
The tariffs mark the most aggressive escalation on trade under Trump’s agenda, coming after the tariffs on Chinese goods escalated from 104% to 125%, reported The Street. Beijing has responded with an 84% retaliatory tariff against U.S. exports.
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