{"id":121522,"title":"White House Confirms U.S. Tariffs on Chinese Imports Now Total 145%, CNBC Reports","publisher":"Share Talk","author":"sharetalk","published":"2025-04-10T16:07:25+00:00","modified":"2025-04-10T16:07:25+00:00","canonical_url":"https://www.share-talk.com/white-house-confirms-u-s-tariffs-on-chinese-imports-now-total-145-cnbc-reports/","markdown_url":"https://www.share-talk.com/white-house-confirms-u-s-tariffs-on-chinese-imports-now-total-145-cnbc-reports.md","json_url":"https://www.share-talk.com/white-house-confirms-u-s-tariffs-on-chinese-imports-now-total-145-cnbc-reports.json","category":"Blogs","categories":["Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["America","CCP","china","Donald Trump","tariff","USA","White House"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/05/CHINA-V-USA.webp?fit=1200%2C800&ssl=1","format":"news","language":"en-GB","content":"Donald Trump has raised tariffs on [Chinese imports to 145%](https://x.com/Share_Talk/status/1910359529474122033), exceeding the 125% rate he announced just a day earlier, in a sharp escalation of the ongoing trade dispute.\n\nOn Wednesday night, the former president declared on his Truth Social platform: “Based on the lack of respect that China has shown to the world’s markets, I am hereby raising the tariff charged to China by the United States of America to 125%, effective immediately.”\n\nHowever, CNBC has since reported that this 125% tariff is in addition to a separate 20% levy targeting fentanyl-linked imports, bringing the overall rate to 145%.\n\nThe announcement triggered a wave of volatility across markets. Wall Street suffered steep losses, with the S&P 500 and Dow Jones Industrial Average both falling more than 2%, and the tech-focused Nasdaq Composite sliding over 4%.\n\nThe dollar also tumbled amid fears of a slowdown in the U.S. economy. It dropped 1% against the pound, reaching $1.296, and slipped 1.5% versus the euro, which rose to $1.113.\n\nMarkets have been shaken by growing concern that Trump’s aggressive tariff strategy could push the U.S. toward recession. Goldman Sachs now estimates the risk at 45%, while bond giant Pimco sees the odds as a 50/50 toss-up.\n\n**U.S. Stock Markets Extend Losses**\n\nWall Street’s major indexes are continuing their downward slide this afternoon, with the S&P 500 dropping 3.9%, the Dow Jones falling 3.4%, and the Nasdaq plunging 4.7%.\n\nDavid Morrison, analyst at Trade Nation, commented: “The immediate danger may have passed, but investors remain acutely aware that uncertainty continues to hang over the markets.”"}