Trump makes huge U-turn on 145% China tariffs with new proposal
In a surprise shift just weeks after escalating the U.S.-China trade war with steep tariffs, Donald Trump has made a major U-turn on the previously imposed 145% duties on Chinese imports…
In early April, President Trump declared April 2 “Liberation Day,” marking the start of sweeping trade actions targeting America’s largest deficit partners.
China bore the brunt of the new policy as initial tariffs of 20% on Chinese goods quickly jumped to 34%, then 104%, and eventually surged to a staggering 145% – with some products facing taxes as high as 245%.
The White House insisted the tariffs were designed to “level the playing field” and protect U.S. national interests.
China retaliated swiftly, slapping a 125% tariff on American goods and banning its airlines from purchasing U.S. aerospace giant Boeing’s aircraft and parts, a move that has yet to receive a public response from Boeing.
Simultaneously, Chinese officials filed a complaint with the World Trade Organization, accusing the U.S. of escalating economic aggression.
Yet just weeks after ramping up his tariff war, the 78-year-old president now appears to be shifting course.
