Washington D.C: President Donald Trump on Tuesday signed a new Executive Order imposing a massive 245% tariff on Chinese imports, significantly escalating the ongoing trade conflict between the United States and China.
A White House factsheet described the decision as a direct reaction to China’s countermeasures against earlier U.S. tariffs. The administration highlighted that while more than 75 countries have expressed interest in forming new trade agreements since the introduction of tariffs on what Trump termed “Liberation Day,” China stood out as the only major nation to retaliate.
The U.S. government claims the steep increase in tariffs is aimed at protecting national and economic interests. However, many economists have criticized the move, warning that it could lead to broader economic disruptions and higher costs for consumers and businesses alike.
Unlike previous announcements of major economic policy, this move was made without the usual theatrical presentation that typically accompanies Trump’s decisions.
The trade standoff between Washington and Beijing originally intensified over allegations of China’s involvement in the fentanyl crisis. Since then, tariffs have been raised multiple times, with the latest action adding another 145% to pre-existing import duties.
China, in response, stated on Wednesday that it is “not afraid” of entering a prolonged trade war with the U.S., while also calling for renewed dialogue to resolve the conflict diplomatically.
