Tariff Rates Against China Still Historically High as Trump Touts New Trade Deal

President Donald Trump Wednesday China with China, a new Timant trade agreement, has obtained the truth about a new preliminary trade agreement with a high level of high levels of tariffs against Beijing.

“We are receiving a total of 55% tariffs, China 10%,” Trump’s Truth Social ReadingBy adding a post next post, “” President Xi [Jinping] And I will work closely to open the Chinese trade. This will win a great one for both countries !!! “

This is under the new arrangement, if it stands, Tariff Rate against China It will be set up at 55%, this is the two countries, when the two countries announce a peace of May, it is a 30% increase. This saw the increase in large number of escalation periods increased by 145% of import taxes against China. In addition, Trump said that the United States will gain access to rare earth minerals from China – as smartphones, including the very important technology, including American students and universities.

During the first time, the average tariff rate of Trump with China with China, the average tariff rate of China, the presidency of Joe Biden increased mainly to 20%. Given how much the United States has traditionally imported in China, the increase in the tariffs of goods will be larger Impact on the value of goods than fares against other countries.

It is not known at this point when this 55% ratio comes into force. It was supposed to be in force until August while negotiations were held in 30% before. This ratio will affect all imports to the same imports or are not known if some are eliminated.