US imposes 245% tariff on China

Washington DC: Intensifying trade war between the two nations, the Donald Trump-led US administration on late Tuesday announced a fresh round of tariff up to 245 per cent on Chinese imports. The White House has released a fact sheet that comes in response to Beijing’s recent export restrictions and retaliatory tariffs. “With this, China now faces up to a 245 per cent tariff on exports to the United States as a result of its retaliatory actions,” said the White House, while emphasizing the move as part of Trump’s ongoing ‘America First Trade Policy.

’ The administration accused China of deliberately restricting vital high-tech materials, including gallium, germanium, and antimony - elements critical for military, aerospace, and semiconductor industries..