US hitting China with 145% tariffs, White House confirms | BBC News
The White House has clarified that the tariffs imposed on Chinese goods coming into the US stands at 145%.
On Wednesday, US President Donald Trump announced that he was hiking the levy to 125%, but the administration has now said that that figure did not include a pre-existing tariff of 20% which was imposed on countries the US said produces the drug fentanyl.
European and Asian markets saw gains on Thursday, but US shares slumped seconds after the market opened; with The Dow Jones and S&P 500 indexes down over 4%, and the Nasdaq as much as 5% lower.
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#US #China #BBCNews
On Wednesday, US President Donald Trump announced that he was hiking the levy to 125%, but the administration has now said that that figure did not include a pre-existing tariff of 20% which was imposed on countries the US said produces the drug fentanyl.
European and Asian markets saw gains on Thursday, but US shares slumped seconds after the market opened; with The Dow Jones and S&P 500 indexes down over 4%, and the Nasdaq as much as 5% lower.
Subscribe here: http://bit.ly/1rbfUog
For more news, analysis and features visit: www.bbc.com/news
#US #China #BBCNews
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