When President Trump paused additional tariffs on much of the world Wednesday, he excluded China from the break. Those hoping the US and China might follow up with a separate deal on Thursday have been disappointed. In fact, things have only gotten worse on that front:
- The White House clarified on Thursday that US tariffs on China now total 145%, not 125% as had been in wide circulation, reports CNBC. Trump's most recent executive order raised them to 125%, but that's on top of the initial 20% tariff Trump imposed when he cited fentanyl trafficking.