The White House said China is now facing up to a 245 percent tariff on imports to the U.S. “as a result of its retaliatory actions,” another escalation in a trade war between the world’s two largest economies.

The top potential tariff is higher than the previously stated 145 percent and was referenced in a fact sheet published by the White House late on Tuesday.

It accompanied an executive order signed by President Donald Trump that launched an investigation into the “national security risks posed by U.S. reliance on imported processed critical minerals and their derivative products.”

  • LandedGentry@lemmy.zip
    link
    fedilink
    English
    arrow-up
    10
    ·
    edit-2
    4 days ago

    I say this with all sincerity: everyone better start learning Mandarin because the American century is fucking over. We all knew it deep down the moment we saw the 2008 Olympics

    • hitmyspot@aussie.zone
      link
      fedilink
      arrow-up
      2
      ·
      2 days ago

      Here in Australia, my kids learn mandarin in primary school. It’s our biggest trading partner and there is a high number of Chinese immigrants here. No different to learning Spanish in American schools.

    • Cowbee [he/they]@lemmy.ml
      link
      fedilink
      arrow-up
      5
      ·
      4 days ago

      Learning Mandarin would be a good thing, but westerners will be able to keep English as the lingua franca. I do predict a large increase in western consumption of Chinese media though, which seems to already be starting.