The White House would clarify on Thursday that the new tariff on China was actually 145%. “You have been watching the greatest economic master strategy from an American President in history,” White House deputy chief of staff Stephen Miller posted on X (formerly known as Twitter). Trump’s trade war is still on, and it’s going to screw families particularly hard. Coupled with the massive tax increase on Chinese goods, these are disastrous: Yale University’s Budget Lab estimates that the tariffs will cost the average household $4,700. AdvertisementThe Chinese tariffs are so high that the United States is now in uncharted territory in its trade relationship with the country.

Source: Huffington Post April 12, 2025 14:57 UTC