Moscow: The United States has threatened China with imposing tariffs of up to 245% on imported goods for their response measures to the previously imposed "reciprocal" tariffs, the White House said in a statement. "China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions," the statement released on Tuesday read.
According to Namibia Press Agency, over 75 countries have already reached out to Washington to discuss new trade agreements, instead of taking retaliatory measures, which resulted in the 90 days pause on individual increased tariff rates for a number of countries, except China, the White House claims.
On April 2, US President Donald Trump signed a decree introducing reciprocal tariffs on imports from other countries. Their base rate was set at 10%, while for 57 countries, increased rates were introduced, depending on the US trade deficit with a specific country.
On Sunday, White House National Economic Council Director Kevin Hassett said that trade talks were underway with 130 countries. US tariffs on Chinese goods have now hit 145%, while China's tariffs on American imports reached 125%.