The Trump administration gave the tech industry and consumers a collective heart attack this morning with a statement that suggested the US would raise tariffs on China to 245%. The White House published an official fact sheet that said,

China now faces tariffs up to 245 per cent on imports to the US due to its retaliatory actions, the White House has said, as the trade war escalated between the world’s two largest economies. Separately in a post on Truth Social,

President Donald Trump‘s administration has hiked tariffs on Chinese imports to the U.S. by up to 245%, as per a fact sheet released by the White House on Apr. 15. Trump signed an executive order launching an investigation into the national security risks posed by American reliance on imported critical minerals and their derivatives.

China has warned of Trump tariff shocks to its already sluggish economy even as it grew by 5.4% in the first quarter year-on-year . The numbers beat expectations but this data cov

President Trump’s tariff plan includes at least a 10% blanket tariff on most major U.S. trading partners, fueling a significant shift in economic and global policy. Though Trump

World Trade Organization says global trade could slide this year because of Trump's tariff policies - ‘Enduring uncertainty threatens to act as a brake on global growth’ says international trade forum

Few would argue with the claim that President Trump's tariff policy is chaotic. In early April 2025, Trump announced sweeping tariffs on all U.S. trading partners, including a 10% blanket tariff and higher rates for specific countries like China (145%) and Canada (25%).

Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday. Japan’s global trade deficit totaled 5.2 trillion yen ($37 billion) for the fiscal year through March,

Japan is set to begin face-to-face tariff negotiations with the United States on Wednesday, one of the first countries to test Washington's willingness to relent on sweeping duties that have roiled financial markets and stoked recession fears.