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The White House said China is now facing up to a 245 percent tariff on imports to the U.S. “as a result of its retaliatory actions,” another escalation in a trade war between the world’s two largest economies.
The top potential tariff is higher than the previously stated 145 percent and was referenced in a fact sheet published by the White House late on Tuesday.
It accompanied an executive order signed by President Donald Trump that launched an investigation into the “national security risks posed by U.S. reliance on imported processed critical minerals and their derivative products.”
Chinese foreign ministry spokesperson Lin Jian was asked about the 245 percent rate at a press briefing on Wednesday. “You can ask the U.S. side for the specific tax rate figures,” Lin said, China News Network reported.
“This tariff war was initiated by the United States, and China’s necessary countermeasures are to safeguard its legitimate rights and interests and international fairness and justice, which are completely reasonable and lawful.”
Trump imposed a 10 percent tariff on imports from all countries. He has temporarily paused additional “reciprocal” rates set individually for each country depending on the trade barriers faced by the U.S. to allow time for negotiations on new deals.
The exception to that pause is China, which is facing increasingly higher tariffs from the U.S. and has responded in kind, among other countermeasures.
This week, China imposed more export controls on rare earths, which include materials used in high-tech products, aerospace manufacturing, and the defense sector.
Despite the eye-watering tariffs and tough rhetoric, both the U.S. and China have said they are open to talks on trade, though further tit-for-tat retaliation is likely in this conflict between two great powers.
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just do a trade embargo at this point 🤣
But then he can’t say the wall just got 10ft higher again…
😆
Will probably see further movements from the PRC to sell off US treasury bonds and shifting more away from the dollar in general, along with tighter export restrictions on rare Earth.
What would be incredibly based is if the PRC starts paying off loans in Africa with its dollars, decoupling the Global South from the US even further. Gets rid of dollars and debt in the Global South, potentially freeing up new customers for goods produced in China and strengthening ties.
China’s already said they wouldn’t retaliate with tariffs anymore, so I wonder what their response will be.
More export controls on rare earths, or maybe selling off US treasury bonds?
Sell the bonds and make maga cry harder. 'It worked for Japan and Canada.
This is all a front so Trump can claim he is hard on China. In reality, China bought a ton of his crypto with an agreement to implement tariffs. Trump only cares about lining his pocket and demonstrating power. This achieves both.
Source?
It’s no less bat shit crazy than what we do have sources for.
But being outlandish doesn’t make it more correct.
Agreed. That it’s even plausible is a sad state of affairs.
I don’t really think it’s plausible though, which is why I asked for a source. Buying large quantities of Trump crypto would be far too stupid for the China to do.
Ah. I figured it was plausible enough to ask for a source rather than out right rejected as bullshit.
I see now that was a “got a source to back up that outlandish claim?”
Yep, that’s more why I was asking rather than just calling BS.
That’s 245%. Anyone else? 245% going, going, gone. Sold for 245%! Next!
October 2025: China will now face an ungabatillion percent tarrif! We can keep this going all day!
Why doesn’t he just make them infinity percent? You know, like the way children use the idea of infinity.
I dare you. I double dare you. I dare you times 100. I dare you times infinity.
It might as well be, except for the theater of it.
“Given that, at the current tariff level, U.S. exports to China are no longer commercially viable, China will not respond to any further tariff hikes by the U.S. on Chinese goods,” the ministry said.
The U.S’ tactics of weaponizing tariffs have become “a joke,” it said in a statement.
“If the U.S. keeps playing the numbers game of tariffs, China will ignore it,”
They will crank it all up to 1488%
Is there a date when these show up for consumers? I’ve heard of small businesses getting hit from suppliers but store shelves and online prices have looked normal.
Are retailers holding off or something?
It won’t hit all at once for a lot of different reasons. Retailers’ back stock is not subject to tariff because it has already been imported. Raw material lead times for products assembled in the US will be longer than products imported ready for store shelves. Apple recently made the news for importing planefuls of iPhones the weekend before the tariff was applied. Smaller businesses won’t be able to do stuff like that, but big corporations will have likely done similar things to soften/slow price increases. And, until additional duties go into effect worldwide, lots of companies had already diversified their manufacturing out of China for US-bound products because of the already existing tariffs from Trump’s first term.
But once the companies have to pay the higher price, so will we all.
It’s going to be based on when retailers pay the price. Most retailers have inventory from before the tarrifs still.
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This just feels like a teacher trying to punish a kid, who doesn’t give a fuck, with detention.
More like a kid trying to give a teacher detention
Are these tariffs even being implemented or are they just “announced”? I can only imagine the chaos that customs workers must be going through.
Always announced never implemented.
Trump is like an idiot bully who insists he commands ten big thugs! No twenty! No thirty and with guns! No thirty with guns and grenades and a tank!
They mean nothing.
But they are providing ample opportunity for places like China to show that they DO have real power.
Big number get bigger, if you not good, big man make big number more bigger
It’s not China “facing” the tariffs, it’s Americans
Indeed and the US had lumped in nations who they would have previously called friends and fucked them as well.
Short term lots of nations will feel some.pain, longher term of China plays it’s cards right, the US continues it’s slide into irrelevance.
As an Australian i hope we pivot to Europe and build stronger relationships there but we have a long tradition of our tongue being stuck firmly up the arsehole of the US.
If Australia pivots to the EU, then that just means Australia will pivot to wherever the EU pivots, the heavily financialized US or the industrialized PRC. The EU has neither the immense finance Capital of the US nor the industrial capacity of the PRC, so it must maintain stronger ties with one of those options, and it’s increasingly clear which one the winds favor.
He still doesn’t realize how tariffs work.
