China faces 245 percent tariffs from U.S.

Washington DC

China now faces up to 245 percent tariffs on its exports to the United States, according to a White House fact sheet. This marks a sharp increase from the previous 145 percent rate. The move comes in response to China’s retaliation in the ongoing trade dispute with the U.S.

President Donald Trump had earlier imposed a 10 percent base tariff on all imports and additional higher tariffs on countries with which the U.S. has large trade deficits. This was part of his "Fair and Reciprocal Plan" aimed at creating fair trade and protecting national security.

Although more than 75 countries have approached the U.S. for new trade talks, leading to a temporary 90-day pause in higher tariffs, China did not follow this path and instead retaliated. Because of this, the increased tariffs against China remain in effect.

The White House stated that the current base tariff of 10 percent will continue to apply to imports from other nations during ongoing trade discussions. Meanwhile, the steep tariffs on Chinese goods remain a signal of tough U.S. trade policy.

These developments have impacted global markets. Financial markets in Asia, Europe, and even the U.S. have dropped sharply. Investors are worried that high tariffs may increase inflation and slow economic growth worldwide.

Since starting his second term, President Trump has emphasized tariff reciprocity. He has vowed that the U.S. will match tariffs imposed by other countries, including India, to ensure equal and fair trade rules for all nations.