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Sunday, Jun 8, 2025
In a fact sheet released on Tuesday, the White House said China's total duties include the latest reciprocal tariff of 125%, a 20% tariff to address the fentanyl crisis, and tariffs of between 7.5% and 100% on specific goods to address unfair trade practices.
Travelling to China has become extremely difficult for Indians after severe restrictions were imposed on international travellers after the COVID-19 outbreak.
The vacillating US trade policies have created uncertainty for global oil markets and prompted OPEC on Monday to lower its demand outlook for the first time since December.
On Friday, Trump administration granted exclusions from the steep reciprocal tariffs on smartphones and a set of other electronics products.
China's retaliation intensified the economic turmoil unleashed by Trump's tariffs.
China's commerce ministry said it was open to a dialogue, but it must be based on mutual respect and equality.
Additional US tariffs on Chinese imports are set to reach 104 percent on Wednesday.
Russia has used Iranian drones as well as North Korean missiles and artillery shells on the war front.
The announcement injected further turbulence into global financial markets, which have fallen steadily since Trump's announcement.
Trump, who unveiled his barrage of import duties against dozens of countries on Wednesday, was unrepentant, posting that "my policies will never change."
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