RT.com
16 Apr 2025, 20:05 GMT+10
The warning comes amid an escalating trade war between Washington and Beijing
Chinese imports to the US could face tariffs as high as 245%, according to a White House fact sheetreleasedon Tuesday. The warning comes amid a growing trade rift between the world's two largest economies.
The administration of US President Donald Trump has cited Beijing's retaliation to previous levies as the reason for the latest potential hike.
"China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions," the fact sheet reads. However, it's not clear from the document when the increase would come into force.
Washington has imposed several major tariff rises on Beijing in the past two months, increasing the duties from an initial 20%.
Beijing's retaliation has included a hike to 125% on all American imports, a suspension of global shipments of rare-earth metals and magnets used in tech and military industries, and an order to Chinese airlines to stop accepting Boeing jets and parts.
The standoff with China comes amid a broader US tariff campaign targeting dozens of countries. According to Trump, the measures are part of an effort to balance the US trade deficit with its trading partners.
Following turmoil on the financial markets, the US administration paused higher tariffs for most countries to allow trade negotiations, except for China.
White House press secretary Karoline Leavitt said on Tuesday that Trump was open to making a trade deal with the Asian nation, but that Beijing should make the first move.
READ MORE: Tariffs wont fix US economic problems Nigerian journalist
China has slammed US tariffs as "a weapon to exert extreme pressure and pursue private interests" and an act of "unilateral economic bullying." It has also vowed to continue to "take resolute measures to safeguard its legitimate interests."
(RT.com)
Get a daily dose of Calgary Monitor news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Calgary Monitor.
More InformationThe warning comes amid an escalating trade war between Washington and Beijing Chinese imports to the US could face tariffs as high...
Flash: WTO: North America exports to drop by 12.6 pct under current conditions
Beijing [China], April 16 (ANI): Amid ongoing trade tensions with the United States, Li Chenggang has been appointed as China's new...
BEIJING, April 16 (Xinhua) -- The Chinese mainland resolutely opposes any military ties between the United States and Taiwan, a spokesperson...
The former president has slammed conservatives while claiming that the US is more divided than ever Former US President Joe Biden...
People visit the Yiwu International Trade Market in Yiwu, east China's Zhejiang Province, Feb. 9, 2025.(Xinhua/Huang Zongzhi) BEIJING,...
DETROIT, Michigan: General Motors is hitting pause on production of its BrightDrop electric vans in Ontario, Canda, citing the need...
(Photo credit: Nick Turchiaro-Imagn Images) Atlanta Braves right-hander Spencer Strider is expected to make his first start in more...
New Delhi [India], April 16 (ANI): State Bank of India and HDFC Bank are the only Indian banks that have found its place on the latest...
(Photo credit: Denis Poroy-Imagn Images) Nico Hoerner tripled in the go-ahead run in the top of the 10th inning on Tuesday and the...
Washington, DC [US], April 16 (ANI): US President Donald Trump still maintains his position on Canada, and he believes that Canada...
(Photo credit: Nick Turchiaro-Imagn Images) Anthony Santander hit a three-run homer and Alan Roden cracked his first major-league...