The US imposes a 245% tariff on China as trade tensions rise

The United States and China’s tensions have recently escalated to a new level. Citing retaliatory trade practices and national security concerns, the White House declared that China may be subject to tariffs of up to 245 percent on specific imports to the United States.

A White House fact sheet that accompanied a new executive order signed by Donald Trump late Tuesday disclosed this aggressive move. The directive permits an examination of the dangers posed by the United States’ increasing reliance on imported processed essential minerals and derivative goods, many of which come from China.

It cited China’s “retaliatory actions” in the current economic standoff as the reason for the high tax. The tone was powerful, indicating that the United States is prepared to strike back forcefully, even though specifics regarding which products would be targeted were not fully described.

According to the statement, “China has emerged as the world’s leading supplier of numerous processed critical minerals.” “Our economic competitiveness and national security are at risk due to the vulnerabilities created by our reliance on imports for these materials.”

The executive order instructs federal agencies to examine the ways in which the nation’s supply chains may be weakened and strategic vulnerabilities may be exposed as a result of this reliance on minerals. This covers sectors that are essential to the American economy and military, such as modern electronics and batteries for electric vehicles.

Global markets are collapsing as the trade standoff intensifies. The pricing and flow of essential resources might be significantly altered by a tariff this high, further straining ties between the two biggest economies in the world.