Trump tariffs on China will soon bring 'irreversible' damage to many American businesses
The exemptions will benefit US tech giants like Apple that make iPhones and other premium products in China, and will generally narrow the impact of the staggering 145 percent tariffs Trump has imposed this year on Chinese goods entering the United States.
Then, he placed a 90-day pause on most tariffs this week — except for the 125 percent tariff on goods from China — following historic lows in the stock market.
President Donald Trump ramped up steep tariffs against Chinese imports to the U. S. this week while alleviating them for other countries during trade negotiations this week.
China responded with a 125% tariff on the US and there are fears this could potentially escalate and see China threaten to invade neighbouring Taiwan to make Washington back-pedal, The Sun reports.
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