President Trump’s tariff on Chinese imports is now 145%, higher than the previously reported 125%.
This was clarified when the executive order was released Thursday, revealing that the new 125% “reciprocal tariff” is in addition to existing 20% duties imposed earlier for fentanyl and immigration issues.
The announcement comes in a week of tariff developments, including Trump’s 90-day pause on tariffs for countries other than China, which caused the S&P 500 to surge by 9.5%.