Brief by Shorts91 Newsdesk / 09:56am on 16 Apr 2025,Wednesday International
The Trump administration has announced tariffs of up to 245% on Chinese imports, intensifying the US-China trade war. The move follows Beijing’s recent export bans on high-tech materials like gallium, germanium, and rare earth metals crucial to defense and tech industries. “China now faces up to a 245% tariff,” said a White House statement, calling it part of Trump’s “America First Trade Policy.” In response, China raised its tariffs on US goods to 125%. President Trump emphasized the tariffs are meant to secure U.S. industries and supply chains, while exempting other countries during ongoing trade negotiations. (PC: AFP)
