America has caught the head of the dragon: Chinese companies in shock

By Anshul Kumar Mishra

The tariff war between the US and China was already making waves globally, but it’s now escalating into a serious issue, especially with the US ramping up tariffs on Chinese goods to a staggering 145 percent. In a post on Truth Social late Wednesday, Donald Trump announced that he’s raising tariffs on Chinese imports to 125 percent. His goal? To shrink America’s trade deficit with China and hold Beijing accountable for the import taxes imposed by the US.
In straightforward terms, the tariff on imports from China has jumped from 84 percent to 125 percent. Additionally, the U.S. had already slapped a separate 20 percent tariff on items linked to fentanyl, which is a chemical compound. Now, some goods coming from China will face a hefty tax of up to 145 percent, which includes both the old and new tariffs. This update was officially revealed in a memo from the White House on Thursday.
With these new tariffs coming into play, Chinese goods are going to get more expensive in the U.S. This shift might give American companies a little extra space in the local market since they’ll face less competition from Chinese products. It’s a great opportunity for India and other countries, as the U.S. is probably going to start looking to import more from them instead.
The US stock markets are taking a significant hit this Thursday. We’re seeing some major downfalls in the shares of companies like Nasdaq, Dow Jones, S&P-500, and Small Cap-2000. On top of that, the oil market is also experiencing a steep drop. The hefty tariffs that the US has slapped on China have kicked off a serious trade war, creating a wave of uncertainty in the global financial markets.