The state of play with US tariffs has shifted again with the White House claiming a 245% tariff on major competitor China, all while the Federal Reserve, World Trade Organization and California warn the president of the catastrophic nature of his policies.
In a White House factsheet published on Tuesday (15 April), it said that China now faces up to 245% tariff on certain imports to the US "as a result of its retaliatory actions". The Big Question: Where do emerging markets stand in the investment world right now post 'Liberation Day'? This includes a 125% reciprocal tariff, a 20% tariff to address the fentanyl crisis, and between 7.5% and 100% on "specific goods", according to the note. The announcement came as President Donald Trump signed an executive order launching an investigation into the national security risks associated wit...
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