Americas
Total US Tariffs on Chinese Imports Now at 145%: White House Official
‘When POTUS and we were talking about 125%, that only referred to the total reciprocal tariff. The fentanyl tariffs of 20% tack onto those,’
US tariffs on Chinese imports now total 145% after President Donald Trump dramatically increased import duties this week, a White House official confirmed Thursday.
Trump said Wednesday that Chinese imports would now be subject to a 125% reciprocal tariff, but that did not include a 20% tariff related to fentanyl that he had previously imposed earlier this year.
“When POTUS and we were talking about 125%, that only referred to the total reciprocal tariff. The fentanyl tariffs of 20% tack onto those,” a White House official told Anadolu, referring to Trump by an acronym.
Markets soared Wednesday as Trump granted dozens of nations a 90-day reprieve from tariffs above his 10% baseline that were supposed to go into effect that day. But fears that the US and China, the world’s top two economies, are slipping into an intensifying trade war brought markets lower Thursday.
The tech-heavy Nasdaq was down more than 4.6% while the Dow dipped over 3% in morning trading.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
-
News5 days agoEx-Inchcape Kenya CEO Sanjiv Shah Charged With Bank Fraud
-
Development1 week agoKenya Strips Dutch Climate Body of Diplomatic Immunity Amid Donor Fraud Scandal and Allegations of Executive Capture
-
Politics1 week agoNIS Kismu Hotel Secret Tape That Sealed Gachagua’s Fate and MP Ng’eno Death in A Chopper Crash
-
News1 week agoInvestor Sued Over Sh30,000 Fee to Access Runda Road
-
Investigations1 day agoSOLD TO THE BULLET: How the Bodyguard Handed MP Ong’ondo Were to His Killers
-
Investigations2 weeks agoDid Festus Omwamba Take the Fall? The Puzzle of a Senator’s Ouster and a Call to the CS
-
Investigations1 week agoI Swore Never To Hire The Chopper Again, Author Recalls Harrowing Experience in Helicopter That Killed MP Ng’eno Alleges Poor Maintenance By Owners
-
Investigations2 weeks agoTracker Identifies Kenyan-Registered Flights Allegedly Running Errands for RSF
