White House Confirms 145% Tariffs on Chinese Imports, Sending Shockwaves to Wall Street
The White House confirmed on Thursday that Chinese imports to the United States are now subject to tariffs of 145%, not 125% as initially announced. This correction sent immediate shockwaves to Wall Street, with the Dow Jones plummeting 2.5%, the Nasdaq dropping 4.31%, and the S&P 500 falling 3.46%.
This massive surtax includes a cumulative effect of measures imposed since February, including a 20% penalty related to the fight against fentanyl. As a result, China, the third-largest supplier to the United States, is now facing an unprecedented tariff wall, excluding even tariffs established before 2025.
Beijing, now the sole direct target of the American offensive, claims it will defend its interests to the end while leaving the door open to dialogue – on the condition of "mutual respect." The Chinese regime has also announced its intention to reduce imports of American films.
