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US New Tariff: US President Donald Trump increased the tariff by targeting goods imported from China. The tariff was extended for the third time in 8 days and these new rates also became effective from Thursday. After this, the new rates of tariffs planted on many Beijing products from Washington have increased to 145 percent. This was confirmed by the White House. However, giving relief to many countries, Trump has also put a break for 90 days on the tariff new tariff rates.
However, the tariff rates over China were almost doubled, with 125 percent of the tariffs on China’s imported goods, as well as the alleged role of Beijing in the Phantyle Supply, an additional 20 percent tariff was imposed on it earlier this year.
According to the CNBC report, the White House official said that the total rate of tariffs imposed by the US over China will be 145% due to this new increase. It also has twenty percent tariffs imposed on the alleged role of Beijing in the smuggling of Phentineel. Also, the new tariff applied to china goods is also 125 percent.
Phentineyl is a powerful synthetic opioid drug, used as painkillers and anesthetic. President Trump says that Phentineel drugs are made in large quantities from China and supply from there. It is about 100 times more powerful than Phantanile morphine and fifty times more than heroin.
However, aluminum and some other things have been excluded from this scope of tariff as Trump has a separate tariff on it. In addition, new tariff rates will not be effective on copper, pharmaceuticals, energy products, as Trump has indicated that they will put separate tariffs on it. In such a situation, the pictures have become more complicated about the tariff amid trading tension between Washington and Beijing.
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