Daijiworld Media Network- Washington

Washington, Apr 16: In a significant move, President Donald Trump has raised the tariffs on Chinese imports to the United States to a staggering 245%. This increase follows retaliatory actions taken by China in response to previous tariff hikes imposed by the U.S.

Prior to this latest revision, a 145% tariff was in place on Chinese exports to the U.S. However, with the escalating trade tensions and retaliatory measures, the new tariff rate aims to further pressure China into negotiating a trade deal with the U.S.

The White House fact sheet confirmed the increase and highlighted that President Trump had earlier imposed tariffs on several countries with which the U.S. had a trade deficit. After receiving overtures from over 75 countries seeking trade negotiations, the U.S. paused the tariffs for 90 days to allow talks to progress.

However, China's retaliation has led to the continuation of heightened tariffs, with the 245% rate now being enforced. This move is part of the broader “Fair and Reciprocal Plan” aimed at restoring fairness in international trade and ensuring that trade relationships benefit the U.S. while protecting national security interests.

While the tariffs have been paused for countries engaged in discussions, China remains the exception, with the U.S. holding firm on these punitive measures. Additionally, a 10% baseline tariff will continue to apply on U.S. imports, pending further negotiations.

This decision represents a crucial juncture in the ongoing trade war between the two nations, with far-reaching consequences for global trade and economic dynamics.