China to face 245% tariff for retaliating tariffs

China now faces up to 245%  tariffs on imports to the US as a result of its retaliatory tariffs, according to the White House Fact sheet. 

This came after Beijing ordered its airlines not to take any further deliveries of Boeing jets in response to the earlier US decision to impose 145% tariffs on Chinese goods.

According to the White House, the US President is open to making a trade deal with China, but Beijing should make the first move.

Earlier on Tuesday Donald Trump ordered a review to consider new tariffs on imported critical minerals, aiming to reduce America’s dependence on foreign suppliers, especially China, as per reports. 

The order highlights concerns that the US relies too heavily on other countries for processed minerals that are essential to the economy and defense. China, in particular, plays a major role as the leading producer of many of these critical materials and has recently reduced its exports.

Also read:

Trump orders review of tariffs on key mineral imports amid concerns over China’s monopoly

China halts delivery of Boeing aircraft amid trade war with US: Report