Trump Out of Control? Tariffs on China Surge to 245%, Jamie Dimon Warns of America's Deteriorating Reputation!
The U.S. raises tariffs on China to 245%. JPMorgan CEO Jamie Dimon warns that the U.S.-China trade war is damaging America's reputation.
The White House recently issuedannounced a new statement announcing a significant increase in tariffs on. Due to Chinesea's imports, citing major retaliatory actions by China., Tthe U.S. decided to raise tariff s again. The rate rate on Chinese goods has now been increased from 145% to 245%. This escalates the trade war.
On April 2, the U.S. announced tariffs on many countries. The base rate was set at 10%. Different countries faced different rates. The U.S. imposed a high rate of 54% on China. Later, it rose to 104%, 125%, and now 245%. In retaliation, China raised tariffs on the U.S. from 34% to 84%, then to 125%.
As the trade war heats up, Jamie Dimon issued a warning. He said President Trump’s trade war risks harming America's reputation. He urged Washington to engage with China.
Dimon stated, "America has always been a safe place due to its prosperity, rule of law, and military strength. However, Trump's attempts to reshape global trade threaten America's economic dominance."
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