A fact sheet released by the White House on Wednesday indicated that China’s retaliatory actions have landed the country with up to a 245 percent tariff on imports to the United States. DAILY POST reports that prior to the update in the fact sheet,

WASHINGTON (AP) — President Donald Trump on Wednesday inserted himself directly into trade talks with Japanese officials, a sign of the high stakes for the United States after its tariffs rattled the economy and caused the administration to assure the public that it would quickly reach deals.

"Japan is coming in today to negotiate Tariffs, the cost of military support, and 'TRADE FAIRNESS,'" Trump wrote on social media on April 16.

President Donald Trump said there was "big progress" when he made the surprise move on Wednesday to negotiate directly with Japanese officials about the barrage of tariffs he has imposed on global imports.

President Trump’s tariff plan includes at least a 10% blanket tariff on most major U.S. trading partners, fueling a significant shift in economic and global policy. Though Trump

World Trade Organization says global trade could slide this year because of Trump's tariff policies - ‘Enduring uncertainty threatens to act as a brake on global growth’ says international trade forum

Few would argue with the claim that President Trump's tariff policy is chaotic. In early April 2025, Trump announced sweeping tariffs on all U.S. trading partners, including a 10% blanket tariff and higher rates for specific countries like China (145%) and Canada (25%).