China Faces Up to 245% Tariff for Retaliation: US

China now faces tariffs up to 245 percent on imports to the United States due to its retaliatory actions, the White House has said, as the trade war escalated between the world's two largest economies.

- AGENCIES 16 April

In a fact sheet issued on Tuesday, the White House said President Donald Trump signed an executive order launching an investigation into the national security risks posed by US reliance on imported processed critical minerals and their derivative products. "More than 75 countries have already reached out to discuss new trade deals," the fact sheet said. "As a result, the individualized higher tariffs are currently paused amid these discussions, except for China, which retaliated," it said.

"China now faces up to a 245 percent tariff on imports to the United States as a result of its retaliatory actions," the fact sheet said, without giving details. China is the only country to have retaliated with tit-for-tat levies.