The White House said the higher tariff is as a result of Chinese retaliation.
Archived version: https://archive.is/20250416092702/https://www.newsweek.com/china-245-trump-tariff-2060295
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
Welp when the debt defaults and everyone stops using American dollars or hold their gold here, then better hope we don’t all become forced to use crypto like El Salvador (which is probably the blueprint plan).
Maybe it is the plan…