Did Trump really just levy a 245% tariff on China?

Did Trump really just levy a 245% tariff on China?

The U.S. indeed has a 245 per cent tariff on Chinese goods, but not in the way you might think. Andrew Chang explains how this figure got so high and which imports are getting hit.

In reply to sgtdjones
Just for the next little bit get off the Tariff thing and pay attention to the awful Trump budget that Mike Johnson is trying to pass in the house with the number 1 mandate of delivering tax cuts to billionaires. Tariffs is just a distraction from that awful piece of legislation and Trump wants to draw attention away from it as it has a trillion dollar cut to Social Security and Medicaid, while GOP promising no cuts to social security and Medicaid. So don't go chasing after the shiny object. Keep focus on what is important in this moment.

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“In China, one of many nicknames for President Trump is Chuan Jianguo. ‘Trump the Nation Builder,’” Weigel recalled of her most recent trip to China. “My best translation is ‘Comrade Trump.’ The joke is that Mr. Trump is a patriotic son of China who is diligently advancing Chinese interests by causing chaos in the United States.

“So perhaps it makes sense that so many merchants seem to admire Mr. Trump as a businessman, if not as a leader.”

However, another Chinese source told the author they believe, “the fondness for Mr. Trump is mostly a joke. But many share a sense that, however painful they may be in the short term, the tariffs will eventually spur China to assume its rightful place as the world’s leader and the beacon of a new phase of globalization that’s no longer centered on America.”