Tariffs on Chinese Goods to US Hit 145 Percent After Latest Hike, White House Clarifies

 A White House official confirmed that the new tariffs on Chinese products now total 145 percent, not 125 percent as the president had previously said.

The White House confirmed on April 10 that U.S. tariffs on Chinese goods were increasing to 145 percent, including the previous 20 percent tariffs imposed over the fentanyl trade. 

A White House official confirmed to The Epoch Times that the new tariffs on Chinese goods now total 145 percent, not the 125 percent the president had announced on April 9. The executive order signed by Trump stated that the reciprocal tariffs increased overnight from 84 percent to 125 percent, which does not include the 20 percent tariff on fentanyl.

Trump had already announced a 90-day suspension of certain tariffs for countries that had signaled their willingness to negotiate, while maintaining the “substantially reduced reciprocal tariff” of 10 percent.

He noted that the suspension would not apply to tariffs on Chinese imports, which the president said would soon increase to 125 percent “based on the lack of respect that China has shown for the world market.”

Trump announced the change in tariff plans on April 9 via his Truth Social platform.

He explained his decision to suspend global reciprocal tariffs on April 9, saying that people were “getting a little nervous, a little scared.” He also cited the need for flexibility as he works with countries to make deals and respond to markets.

Existing tariffs on steel, aluminum, and automobiles remain unchanged. The White House’s previous sectoral exemptions—for pharmaceuticals, lumber, copper, and semiconductors—remain unchanged.

Tariffs on fentanyl for Canada and Mexico also remain unchanged—that is, goods not covered by the U.S.–Canada–Mexico free trade agreement are subject to a 25 percent tariff, with the exception of energy and potash, which are subject to a 10 percent tariff.

Beijing announced on April 9 that it would impose retaliatory tariffs of 84 percent on U.S. goods entering the country in response to Trump’s new tariffs.

U.S. Treasury Secretary Scott Bessent said Beijing’s latest escalation was a “disastrous” decision for the Chinese regime.

“They have the most imbalanced economy in the history of the modern world, and I can tell you that this escalation is hurting them,” he said in an interview with Fox Business Network.

He noted that China’s exports to the United States are five times larger than U.S. exports to China.

“So they can raise their tariffs,” Bessent said. “But so what?”

The Treasury secretary noted that the United States is “trying to rebalance toward more manufacturing” and that Beijing needs to transition to “more consumption.”

He said he believes the Chinese regime should acknowledge the volume of precursor chemicals for fentanyl that come from China.

“They come into North America and then they are sold into the U.S.,” Bessent said.

Asked how far the Trump administration is willing to take the trade dispute, Bessent said that “everything is on the table.”

“I am confident that this will be resolved at the highest level,” he said. (asr)

Samantha Flom, Andrew Moran, and Travis Gillmore contributed to this report.

Source: Theepochtimes.com

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