Trump wrote on April 16 Beijing time: "The U.S. is imposing record-breaking tariffs, and prices for nearly all products are declining, including gasoline, groceries and virtually every other product. Likewise, inflation is also declining. The promise has been fulfilled."
In addition, Bloomberg reported that in response to the U.S.'s 145% tariff, China has stopped accepting new Boeing aircraft orders. In fact, even with a 125% tariff, companies cannot bear it, so they naturally halted orders. The most reasonable solution would be to resell orders due at expiration to other foreign enterprises.
Trump's claim of falling prices due to these tariffs is nothing but fake news. How is that possible?
On the local date of the 15th, the White House website released a fact sheet (fact sheet) related to Section 232, mentioning, "China now faces up to a 245% tariff on imports into the United States."
What does this "245%" mean? How should "up to" be understood?
This 245% is not a new tax figure; rather, it refers to the highest tariff rate currently faced by certain Chinese goods exported to the U.S., which can reach up to 245%.
From the context of the article, there is no implication of adding another 245%. The meaning of "up to" is the maximum that can be reached. If the U.S. were to impose additional tariffs, its wording would not be like this. There must be an official executive order issued, with relevant documents in the Federal Register, clearly explaining issues such as the effective start date of the tariff. This is merely a "fact sheet."
Original source: https://www.toutiao.com/article/1829545368949962/
Disclaimer: The article solely represents the views of the author.