President Donald Trump says China has ripped off the country for years, but he’s still hopeful about reaching a new trade deal.
Trump is imposing a 125% charge designed to both counter America’s trade deficit with China and punish Beijing for retaliating against US import taxes. The number, published in a White House memo Thursday, comes in addition to a 20% levy put into place earlier this year over China’s role in fentanyl trafficking.
Author: Bloomberg Television
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News post in April 11, 2025, 12:06 am.
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