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After earlier hiking China’s tariffs to 145 percent, Donald Trump has offered his opinion on what’seems reasonable’ to raise them to.
Trump referred to April 2 as “Liberation Day” for America shortly after taking the oath of office for a second term.
The POTUS announced a number of tariffs against nations worldwide, with China ultimately bearing the brunt of them.
Before the major announcement, Chinese commodities were already subject to 20% tariffs, which were later increased by 34%.
China’s response to the news was unsurprisingly negative; in addition to retaliating with duties of its own, the country also filed a case at the World Trade Organization, which prompted Trump to increase the penalties to 104%.
He subsequently raised duties to 145 percent for the majority of Chinese goods on April 9; some items now face an astounding 245 percent levy.
However, it seems like Trump has changed his mind.Trump said on Truth Social earlier today (May 9): “It looks like an 80 percent tariff on China is a good idea! Scott B.
