Trump on backing down from tariffs
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Trump on backing down from tariffs
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CBS NewsMegan Cerullo
The U.S. tariff rate on Chinese imports now effectively totals 145%, a White House official confirmed to CNBC. Trump’s latest executive order hikes tariffs on Beijing to 125% from 84%. But that comes on top of a 20% fentanyl-related tariff that Trump previously imposed on China. Find the latest: cnb.cx/42FL7JK | CNBC
1:15
The U.S. tariff rate on Chinese imports now effectively totals 145%, a White House official confirmed to CNBC. Trump’s latest executive order hikes tariffs on Beijing to 125% from 84%. But that comes on top of a 20% fentanyl-related tariff that Trump previously imposed on China. Find the latest: cnb.cx/42FL7JK | CNBC
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