Donald Trump tariff war: President acknowledges ‘transition difficulties’ as China rate hiked to 145 per cent

US President Donald Trump announced a steep increase in China’s tariff rate to 145 per cent, citing production of the drug fentanyl as the reason. His administration is considering tariff deals with over a dozen countries, with negotiations ongoing. Despite the escalating trade war, Trump expressed a desire to reach a deal with China, while the European Union decided to delay launching counter-tariffs in response to US import duties.

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