President Donald Trump said Friday that his administration’s tariff policy is succeeding, after China’s announcement that it is responding to his moves by raising its tariffs on American goods to 125%.
“We are doing really well on our TARIFF POLICY,” he posted on his Truth Social page, without adding further explanations. “Very exciting for America, and the World!!! It is moving along quickly.”
Trump administration officials on Thursday clarified that China is facing a minimum tariff of 145% on all exports to the U.S., adding in an earlier-announced tariff of 20% to the 125% figure announced this week.
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