U.S. tariffs on China "raised to 245%"? Experts refute rumors: There is a mystery in the calculation method, and the specific calculation is shown to you
In a recent White House announcement, "China is currently facing tariffs of up to 245% on goods exported to the United States due to its retaliatory actions." This number quickly attracted attention, what is going on? (Synopsis: Trump: China immediately raised tariffs to 125% without knowing what to do, and Beijing retaliated with 84% tariffs and sanctioned 18 US companies) (Background supplement: China bails out the market!) Limited to "daily net selling" of stocks up to 50 million, Beijing raises tariffs on the United States to 125%) Both China and the United States have recently taken a very tough attitude on the tariff issue and have not given in to each other. Last week, Trump increased tariffs on Chinese exports to the United States to 145%, and China's Ministry of Commerce announced that it would increase tariffs on American imports to 125% in retaliation. Just yesterday (16), the White House released an explanatory report entitled "President Trump Ensures National Security and Economic Resilience Through Section 232 Actions", in the article, the White House clearly mentioned in a detail: "China is currently facing tariffs of up to 245% on goods exported to the United States due to its retaliatory actions." This figure quickly attracted attention in the market. How did the 245% tariff come about? This figure is 70% faster than the 145% proposed by Trump before, and many investors thought that Trump was really crazy at first, but in fact, some details must be clarified. First, 245% is for some products, not comprehensive tariffs. At present, the highest tax rate for medical supplies such as syringes will indeed be close to 245%, mainly from the following three layers: Medical supplies due to anti-dumping duties and other measures, the base tax rate is up to 100% The fentanyl crisis plus the 20% tariff 125% reciprocal tariffs In the case of the nearly $52 billion of smartphones imported by the United States in 2024, more than 80% of them are manufactured in China. These products could have faced tariffs of up to 145%. However, the United States temporarily excluded smartphones and laptops from the 125% "reciprocal tariff" last weekend, and still has to pay the 20% penalty tariff related to Ifentanyl. In addition, the New York Times also calculates tariffs on individual products, such as: 145% of the total tariff of toys, 168.5% of the total tariff of wool sweaters, and 70% of the total tariff of aluminum outdoor chairs... The visible details are quite complex. Experts: 245% or 145% more of a bargaining chip The continued escalation of the US-China tariff war poses a significant challenge to the global economy. First of all, from a global economic perspective, according to previous reports by the International Monetary Fund (IMF), high US tariffs on China have led to a 7% increase in global supply chain costs, particularly affecting the semiconductor, automotive and medical industries. Second, for both sides, experts point out that the U.S.-China tariff confrontation will damage both economies in the long run — the tariff confrontation will drive up import and export costs, U.S. consumers will face higher prices, and Chinese exporters will lose market share. As for yesterday's White House announcement, Wall Street Journal trade columnist Josh Zumbrun pointed out: "The figure of 245% is more like political propaganda, designed to show a tough posture to domestic voters." In addition, an international relations scholar at Renmin University of China also said: "The comparison of Chinese and US tariff figures conceals the fact that the economies of the two sides are interdependent." 245% or 145% is more of a bargaining chip than an actual implementation of the standard." China and the United States should negotiate to lower tariff barriers, otherwise it will only drag down the global economic recovery. China First Financial Daily also quoted experts as saying: "If the United States wants to impose new tariffs, it needs to issue an official order in the Federal Gazette, which is currently only a list of facts, and there is no substantive tax increase action." Related reports Not only the Federal Reserve, but also the asset scale of the People's Bank of China (PBOC) is also affecting the future trend of Bitcoin? Trump Huang Jenxun "interviewed and laughed"! The United States will suspend the ban on Huida H20 chip to China, deepseek to take off? U.S. tariffs will kill bitcoin mining companies? "U.S. tariffs on China "raised to 245%"? Experts refute rumors: there is a mystery in the calculation method, and the specific calculation is for you to see" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".
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U.S. tariffs on China "raised to 245%"? Experts refute rumors: There is a mystery in the calculation method, and the specific calculation is shown to you
In a recent White House announcement, "China is currently facing tariffs of up to 245% on goods exported to the United States due to its retaliatory actions." This number quickly attracted attention, what is going on? (Synopsis: Trump: China immediately raised tariffs to 125% without knowing what to do, and Beijing retaliated with 84% tariffs and sanctioned 18 US companies) (Background supplement: China bails out the market!) Limited to "daily net selling" of stocks up to 50 million, Beijing raises tariffs on the United States to 125%) Both China and the United States have recently taken a very tough attitude on the tariff issue and have not given in to each other. Last week, Trump increased tariffs on Chinese exports to the United States to 145%, and China's Ministry of Commerce announced that it would increase tariffs on American imports to 125% in retaliation. Just yesterday (16), the White House released an explanatory report entitled "President Trump Ensures National Security and Economic Resilience Through Section 232 Actions", in the article, the White House clearly mentioned in a detail: "China is currently facing tariffs of up to 245% on goods exported to the United States due to its retaliatory actions." This figure quickly attracted attention in the market. How did the 245% tariff come about? This figure is 70% faster than the 145% proposed by Trump before, and many investors thought that Trump was really crazy at first, but in fact, some details must be clarified. First, 245% is for some products, not comprehensive tariffs. At present, the highest tax rate for medical supplies such as syringes will indeed be close to 245%, mainly from the following three layers: Medical supplies due to anti-dumping duties and other measures, the base tax rate is up to 100% The fentanyl crisis plus the 20% tariff 125% reciprocal tariffs In the case of the nearly $52 billion of smartphones imported by the United States in 2024, more than 80% of them are manufactured in China. These products could have faced tariffs of up to 145%. However, the United States temporarily excluded smartphones and laptops from the 125% "reciprocal tariff" last weekend, and still has to pay the 20% penalty tariff related to Ifentanyl. In addition, the New York Times also calculates tariffs on individual products, such as: 145% of the total tariff of toys, 168.5% of the total tariff of wool sweaters, and 70% of the total tariff of aluminum outdoor chairs... The visible details are quite complex. Experts: 245% or 145% more of a bargaining chip The continued escalation of the US-China tariff war poses a significant challenge to the global economy. First of all, from a global economic perspective, according to previous reports by the International Monetary Fund (IMF), high US tariffs on China have led to a 7% increase in global supply chain costs, particularly affecting the semiconductor, automotive and medical industries. Second, for both sides, experts point out that the U.S.-China tariff confrontation will damage both economies in the long run — the tariff confrontation will drive up import and export costs, U.S. consumers will face higher prices, and Chinese exporters will lose market share. As for yesterday's White House announcement, Wall Street Journal trade columnist Josh Zumbrun pointed out: "The figure of 245% is more like political propaganda, designed to show a tough posture to domestic voters." In addition, an international relations scholar at Renmin University of China also said: "The comparison of Chinese and US tariff figures conceals the fact that the economies of the two sides are interdependent." 245% or 145% is more of a bargaining chip than an actual implementation of the standard." China and the United States should negotiate to lower tariff barriers, otherwise it will only drag down the global economic recovery. China First Financial Daily also quoted experts as saying: "If the United States wants to impose new tariffs, it needs to issue an official order in the Federal Gazette, which is currently only a list of facts, and there is no substantive tax increase action." Related reports Not only the Federal Reserve, but also the asset scale of the People's Bank of China (PBOC) is also affecting the future trend of Bitcoin? Trump Huang Jenxun "interviewed and laughed"! The United States will suspend the ban on Huida H20 chip to China, deepseek to take off? U.S. tariffs will kill bitcoin mining companies? "U.S. tariffs on China "raised to 245%"? Experts refute rumors: there is a mystery in the calculation method, and the specific calculation is for you to see" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".