The US has increased the tariff to 145% on goods coming from China to 145%. The increase has taken place under the new order of US President Donald Trump, according to which separate tariffs have been increased on low -value packages imported from China.
New taxes on imported goods from many countries have been postponed for 90 days. However, in this order, new tariffs on imported goods from China have been increased to 125%. This growth is in addition to 20% additional fees levied at the beginning of the year due to China’s alleged role in the Fentaneel supply chain.
Along with products such as steel and aluminum imports, automobiles have not been included, on which Trump imposed separate tariffs of 25 percent under different arrangements.
Regarding the tariff earnings, US President Donald Trump himself has told that the US is earning two billion dollars daily by putting tariffs. However, this is causing damage to other countries of the world. But in this way, America’s treasure is filling the whole.
The US President has said that an agreement on trade with China is also possible. Trump said, “China wants to make an agreement but they don’t know how to do it.” At the same time, Trump officials have said that they will give priority to interaction with other countries as Vietnam, Japan, South Korea and other countries are ready to try to bargain.