WASHINGTON/NEW YORK — Tit-for-tat tariffs by the U.S. and China are anticipated to deal a heavy blow to American companies and customers, from threatening their entry to rare-earth components utilized in high-tech merchandise to squeezing exports of American beef.
“China needs a deal — they simply do not know the way fairly to go about it,” Trump stated Wednesday after asserting a 125% additional tariff on China. The White Home later clarified that that is on high of an earlier fentanyl-related tariff of 20%, bringing the whole charge to 145%.
