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White House confirms 245% tariff on some Chinese imports

  • The Trump administration imposed tariffs on certain Chinese products, escalating trade tensions.
  • President Trump has long desired a full-scale trade war with China, aiming to reshape trade relations.
  • The tariffs, intended to promote reshoring, have led to retaliatory measures from China and global market instability.
  • Karoline Leavitt stated, regarding China, "The President has made his position quite clear."
  • As a result of retaliatory actions, some Chinese imports now face tariffs as high as 245 percent, according to the White House.
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The Economic Times broke the news in on Wednesday, April 16, 2025.
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