27.3 C
Lagos
Thursday, March 26, 2026

China faces 245% Trump tariff, deepens trade war

Share this:

President Donald Trump has imposed a 245% tariff on Chinese imports in a major escalation of the US-China trade war.

The White House confirmed this in a statement on Monday April 14, 2025, citing national security and economic concerns.

Trump also signed an Executive Order directing a new investigation into critical mineral imports and supply chain risks.

The order, signed on Wednesday April 15, targets reliance on Chinese-processed critical minerals and related materials.

The White House linked this move to “Liberation Day,” the date earlier tariffs were first introduced against Chinese products.

READ ALSO:  2023: Peter Obi releases 19 key points that will drive his govt

Officials said more than 75 countries have contacted the US to renegotiate trade terms since the initial tariff rollout.

But China responded with counter-tariffs, prompting what the US called “decisive economic action.”

“China left us no choice,” the White House stated, accusing Beijing of long-standing unfair trade practices.

The administration described the tariffs as necessary for both national security and economic independence.

Trump’s Executive Order highlights risks of dependence on foreign-controlled supply chains, especially in critical sectors.

READ ALSO:  Muslim-Muslim ticket made me reject Tinubu when he wanted to be my running mate --- Atiku

Analysts warn the steep tariffs may raise consumer prices and shake global supply networks.

They also fear it could worsen inflation in the United States and trigger fresh global economic tensions.

Some experts believe China may challenge the move at the World Trade Organisation (WTO).

Others expect China to respond with new retaliatory measures in the coming days.

The new tariffs apply immediately to a wide range of goods imported from China.

The White House didn’t release a full product list but confirmed that electronics and metals are included.

READ ALSO:  Peterside celebrates Magnus Abe's victory, says Rivers SE have regained their voice

US officials said the move protects domestic industries and prevents foreign manipulation of strategic markets.

Critics argue the action could harm US manufacturers that depend on Chinese components.

Economists have urged the US and China to return to dialogue to avoid prolonged economic damage.

The trade war, now in a deeper phase, threatens long-term global trade stability.

Share this:
RELATED NEWS
- Advertisment -

Latest NEWS

Trending News

Install DDM News App

Install
×