The Trump administration has announced a new tariff of up to 245% on Chinese imports, escalating trade tensions

The continued, and escalating, trade war between the United States and China is doing far more than just rattling American businesses. New policy measures paired with historic high tariffs have compounded these supply chain challenges unlike what we’ve experienced since before the pandemic.

China now faces up to 245% tariffs on imports to the US as a result of its retaliatory tariffs, as per a White House Fact sheet. This comes after China ordered its airlines not to take any further deliveries of Boeing jets in response to the earlier US decision to impose 145% tariffs on Chinese goods.