US slaps 245% tariffs on sugar imports in response to anti -repayment moves

The White House announced late on Tuesday, the United States has imposed new tariffs up to 245% on Chinese imports in response to Beijing’s retaliatory trade works.
The step is part of a comprehensive national security review of significant imports and follows China’s decision to suspend the export of major high-technical materials, including heavy rare earth metal and magnets, which are important for areas such as motor vehicles, aerospace, semiconductor and defense.
The White House said in a statement, “China is now facing 245% tariff on imports to the United States as a result of its retaliatory functions.
The statement pointed to a series of works done by China, including a recent ban on exports of gallium, germanium, antimony and other strategic materials with potential military applications. The administration said, “This week, China suspended the export of six heavy rare earth metals, as well as to shut down the rare earth magnet …” the administration said.
The White House emphasized that President Trump’s “America First” trade policy was launched on the first day of his presidential post, aimed at restoring economic power and freedom. “More than 75 countries have already arrived to discuss new trade deals. As a result, the high tariffs have been stopped individually amidst these discussions – in addition to China, who retaliates,” it said.
While the exact tariff rate on China remains uninterrupted, authorities indicated that the duties may increase to 245%, which increases trade tension between the world’s two largest economies.
Last Friday, China increased the tariff on American goods by 125%, a tight-for-tat steps against Trump’s earlier announcement increased the tariff on Chinese goods to 145%, while temporarily stopping new duties on imports from other countries.
The White House has not yet clarified that further tariff hike or export control will be followed as the national security check is on.