New Delhi:
The White House said as on Tuesday afternoon (India’s time) that China has faced a 245 percent tariff on import of goods in the United States, “
As the announcement, President Donald Trump authorized the investigation of “imported, processed important minerals and the national security risks arising by the US dependence on products, including cobalts, lithium and nickel, and rare-europeal metals and batteries (for electric vehicles), as well as military equipment.
Trump’s order suggests that the US is “dependent on foreign sources … which is a threat to severe, continuous and long -term supply chain”. This dependence, the White House said, “increases the capacity for risks for national security, technological development and economic prosperity”.
So far, the tight-for-tat tariff exchanges had imposed a 145 percent tax on the US imports to the US and China slapped 125 percent of the duties on US goods. Beijing has also banned the export of some goods, which is used by aerospace manufacturers and military contractors.
Trump has repeatedly accused Most of the people of China, India, Brazil and the rest of the world, in fact, it imports them to increase high tariffs on American imports.
The President has argued, and it was a major issue in his re -election campaign, that taking mutual tariffs would either force other countries to bring down their taxes or force a stutter American manufacturing sector, which provides very important local employment.
According to that ‘vision, since the onset of Trump, Trump has implemented standing duties on imports from China with 10 percent’ baseline ‘tariffs on many American business partners. This is exclusive, the White House has said, for taxes on specific items, separate 25 percent and aluminum, and including imported automobiles and auto parts.