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White House on tariff deal with Beijing: ‘The ball is in China’s court’

  • Hong Kong's Post Office will halt shipping small packages and tariff collection.
  • New tariffs, as high as 145% on some goods, caused this shipping change.
  • A 120% tariff on small packages will soon take effect, impacting trade.
  • Trump stated, 'ball is in China's court,' amid escalating trade issues.
  • Rising trade tensions may increase grocery prices for consumers in the U.S.
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China stated on Wednesday, April 16, that some of its exports to the United States are now subject to a “cumulative rate of up to 245 percent,” which, according to Beijing, exposes how Washington has “instrumentalized and used its levies with total irrationality.” According to the Chinese Trade portfolio in a statement, the White House previously announced in a fact sheet that the Asian country would face tariffs of up to 245 percent as a result…

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Portfolio.hu broke the news in on Tuesday, April 15, 2025.
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