China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions, the White House said in a statement on Tuesday evening. The announcement came as President Donald Trump signed an executive order launching an investigation into the national security risks associated with US reliance on imported critical minerals.\u00a0<\/small><\/p>\n\n\n\n
Trump admin to scrutinise mineral imports<\/strong><\/p>\n\n\n\n The order directs the Secretary of Commerce to initiate a Section 232 investigation under the Trade Expansion Act of 1962 to evaluate the impact of imports of these materials on America’s security. This Act was previously used by the Trump administration to scrutinise imports of copper, lumber, steel, and aluminium.<\/p>\n\n\n\n While China was not specifically mentioned in the investigation, the country stands as the largest producer of 30 of the 50 minerals considered critical by the US Geological Survey. <\/small><\/p>\n\n\n\n On April 4, in response to Trump’s tariff hikes on Chinese goods, China’s Ministry of Commerce imposed export restrictions on seven rare earth elements (REEs) and magnets critical to the defense, energy, and automotive industries.\u00a0<\/small><\/p>\n\n\n\n China already faced 245 per cent tariff<\/strong><\/p>\n\n\n\n China was already facing up to 245 per cent tariff on syringes and needles exported to the US, based on the order passed by the Trump administration on April 12. This category fell under the ‘Pre-2025 tariffs’ (100 per cent levy), ‘Fentanyl’ (20 per cent) and ‘reciprocal’ (125 per cent) tariff categories. Lithium-ion batteries followed, facing up to 175 per cent tariff, squid 170 per cent, wool sweaters 169 per cent, and so on.<\/p>\n\n\n\n ‘Ball is in China’s court’: White House on trade talks<\/strong><\/p>\n\n\n\n During a press briefing on Tuesday, White House Press Secretary Karoline Leavitt quoted the US president as saying that \u201cthe ball is in China\u2019s court\u201d on resuming trade dialogue. <\/small><\/p>\n\n\n\n \u201cChina needs to make a deal with us, we don\u2019t have to make a deal with them,\u201d Leavitt. <\/small><\/p>\n\n\n\n Responding to the remark, China\u2019s Foreign Ministry Spokesperson Lin Jian on Wednesday criticised the US\u2019s approach as counterproductive. \u201cIf the United States truly wants dialogue, it must first stop exerting maximum pressure,\u201d Lin said, adding that constructive talks require mutual respect and equality.<\/p>\n\n\n\n Meanwhile, China\u2019s Defence Ministry issued its own rebuke after reports that the US will significantly raise its defence spending in 2026, according to a report by Reuters <\/em>today. Defence spokesperson Zhang Xiaogang labelled Washington\u2019s rising military budget a sign of its \u201cbellicose nature\u201d and criticised the reliance on hard power. <\/small><\/p>\n\n\n\n \u201cThe sky-high defence budget exposes the US belief in \u2018might makes right\u2019,\u201d Zhang said. \u201cWanton use of force will not make America great again.\u201d\u00a0<\/small><\/p>\n\n\n\n US-China trade war<\/strong><\/p>\n\n\n\n Trade hostilities have also escalated sharply in recent days. Trump announced a new wave of tariff hikes\u2014raising duties on Chinese goods to as much as 145 per cent. In retaliation, Beijing slapped tariffs of up to 125 per cent on US imports.<\/p>\n\n\n\n Trump has allowed a 90-day pause in higher tariffs for 75 countries currently negotiating trade deals with Washington, including India, in a bid to ease tensions with select partners. \u201cAt some point, China will realise that the days of ripping off the US and other countries are over,\u201d Trump wrote on social media platform Truth Social on April 9.<\/p>\n\n\n\n Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n Telegram <\/a>| Facebook <\/a>| Instagram<\/a><\/strong><\/p>\n\n\n\n Call: +91 9624421555 \/ +91 9624461555<\/em><\/strong><\/p>\n\n\n\n www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions, the White House said in a statement on Tuesday evening. The announcement came as President Donald Trump signed an executive order launching an investigation into the national security risks associated with US reliance on imported critical minerals.\u00a0 Trump admin to scrutinise mineral imports The order directs the Secretary of Commerce to initiate a Section … Continue reading “China faces up to a 245% tariff on imports to the US, says White House”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":4096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-4095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=4095"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4095\/revisions"}],"predecessor-version":[{"id":4097,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4095\/revisions\/4097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/4096"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=4095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=4095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=4095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}