Trump shows no signs of slowing down: Threatens China with '245 percent tariff'
US President Donald Trump stated, 'As a result of its retaliation, China will face customs duties of up to 245 percent on its imports from the US.'
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Donald Trump has launched an investigation to evaluate the implementation of tariffs on critical minerals. Trump signed an executive order directing the Department of Commerce to conduct a review to determine the risks these minerals pose to national security.
The executive order states that the US's high dependency on importing these minerals could pose a threat to "national security, military readiness, price stability, and economic resilience and prosperity." According to the document, the Department of Commerce is required to present the results of the investigation to Trump within 180 days and submit a recommendation on whether tariffs are necessary.