Trump Slaps 145 Percent Tariff On China As Trade War Escalates
Chinese officials are urging US President Donald Trump to "completely cancel" his reciprocal tariffs as trade tensions between the world's two largest economies continue to intensify. Trump recently announced a 90-day delay for various global tariffs he had planned, but increased levies on Chinese imports to 145%. In response, China's commerce ministry released a statement calling on the US to "take a big step to correct its mistakes, completely cancel the wrong practice of 'reciprocal tariffs' and return to the right path of mutual respect." The Trump administration made a partial concession Friday by announcing exemptions for certain technological products, including many manufactured in China. The Chinese commerce ministry described this as a "small step" and stated they were "evaluating the impact" of these exemptions. Trump's technology exemptionsโcovering smartphones, computers, and semiconductorsโprovided some relief for tech companies and consumers concerned […]