U.S. media reports that Trump's tariff on China could reach 145%, but what is the truth?
US media: Are the tariffs on China 125% or 145%?
On April 9 local time, Trump expressed his stance on social media: The tariffs on China would be raised to 125%.
However, on April 10, US media cited a White House message: The actual tariff rate on Chinese goods would reach 145%, as it includes not only the new 125% tariff but also a 20% tariff due to the "fentanyl issue."
Nevertheless, although this 145% data was cited by US media from a White House message, it has not been confirmed by Trump himself. It is known that Trump always speaks off the cuff, which also leads to inconsistencies between what he says and the messages released by the White House at times.
However, whether the tariff is 125% or 145%, it actually shows that the current Trump administration has no better way to deal with China except for playing around with the numbers.
Since Trump proposed the "reciprocal tariff" policy on April 2, the world has been in an uproar. Some countries chose to back down under Trump's "tariff threat," hoping to win Trump's favor through showing goodwill. But China did not choose to compromise, directly announcing a package of countermeasures, raising the tariff rate on American goods from 34% to 84%. This time, Trump became really restless, jumping around on social media. On April 9, he directly raised the tariff rate on China to 125%.
However, the problem Trump didn't realize is that when the tariff is raised to this level, his attempt to exert pressure through tariffs has become "empty talk." Because at this point, the tariff has simply become a set of numbers. Many American companies now rely on the global supply chain, needing to purchase cost-effective components globally to gain larger profit margins, which has led to industrial hollowing out. In contrast, China has a complete industrial supply chain domestically. Relatively speaking, under such tariff conditions, the impact on the United States is far more severe than on China. Trump's tariff policy encounters China, which is undoubtedly "killing one hundred enemies while losing one thousand oneself!"


Original article: https://www.toutiao.com/article/1829065500550156/
Disclaimer: The article solely represents the author's personal views.
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