Trump promises new 100% tariff on China
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Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.
Whether the Trump administration adds a 100% tariff to the existing duties on goods entering the U.S. from China depends on Beijing's next move, U.S. Trade Representative Jamieson Greer said in a televised interview on Tuesday.
Concerns about U.S. trade policy are back in the spotlight after being overshadowed by the government shutdown and other matters.
Siegel predicted that China would try to negotiate a reduction in its current tariff rate, which averages 55% on exports to the US.
The Chinese Ministry of Commerce said the controls, issued Oct. 9, were part of Beijing's effort to "better safeguard world peace and regional stability."
The International Monetary Fund edged up its 2025 global growth forecast on Tuesday as tariff shocks and financial conditions have proven more benign than expected, but warned that a renewed U.S.-China trade war threatened by President Donald Trump could slow output significantly.