The Trump administration gave the tech industry and consumers a collective heart attack this morning with a statement that suggested the US would raise tariffs on China to 245%. The White House published an official fact sheet that said,

Just make it 420.69 and be done with it, Mr President World War Fee No, it wasn't a typo. Some Chinese imports are indeed subject to a 245 percent tariff in the United States.… Last week, as widely reported,

Trump's claim of $2 billion daily tariff revenue is contradicted by US Customs and Treasury data, which show much lower amounts collected.

U.S. Customs and Border Protection appears to be contradicting President Donald Trump’s comments on the daily revenue generated by his latest slate of tariffs.

U.S. President Donald Trump on Tuesday ordered a probe into potential new tariffs on all U.S. critical minerals imports, a major escalation in his dispute with global trade partners and an attempt to push back on industry leader China.

The U.S. and China are engaged in an intensifying trade war, with Trump now aiming to blunt one of Beijing's crucial weapons.

Smartphones, shoes, toys, and cookware are just a few of the Chinese-made goods that could soon cost more as the Trump administration ramps up its trade war with China. A new Washington Post analysis highlights the impact of rising tariffs on consumer products widely used across the United States.