
U.S president Donald Trump has imposed another 50% tariff on Chinese imports after China’s talks of a retaliation. After returning to office in January, President Trump slapped a 20% tariff on China. This was increased to 34% under reciprocal tariff to 84% from Wednesday. This takes the total import duty on Chinese imports to 104%.
But wait, there is a twist! The total tariff on China by the U.S is even more than 104%!
In this video, Upstox explains the real math behind Trump’s tariff rate on China and its impact on global markets and economies.
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