US-China Trade War Intensifies: Donald Trump’s Government Imposes 245% Tariffs on China After Its Move To Stop Export of Heavy Rare Earth Metals and Magnets
The US-China trade war intensified as Donald Trump’s government imposed 245% tariffs on China following its decision to stop the export of heavy rare earth metals and magnets.
Donald Trump's government has announced 245% tariffs on China in response to the country's retaliatory move, continuing the US-China trade war. China announced that it would "fight to the end" against the Trump import tariffs. Beijing retaliated against the US tariffs by suspending the exports of the six heavy rare earth metals and rare earth magnets. They include antimony, germanium, gallium, and other strategic materials, Over 75 countries reached out to the US government to discuss the tariffs. US President Donald Trump imposed heavy import taxes as part of his 'America First' trade policy. L’Oréal Layoffs: French Cosmetic Giant To Cut Half of Jobs in Travel Retail Division Amid Sales Slump and Market Slowdown in China, Says Report.
White House Imposed 245% Tariffs on China After Retaliatory Move
White House:
China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions. pic.twitter.com/OgXkqxhGAY
— Clash Report (@clashreport) April 16, 2025
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(The above story first appeared on LatestLY on Apr 16, 2025 01:52 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
