China is now looking at U.S. tariffs that could go as high as 245%, a jump linked to what the White House called “retaliatory actions” from Beijing. The new figure showed up in an April 15 fact sheet tied to an ongoing review into the national security risks of relying on foreign critical minerals.
The statement didn't explain how the 245% number was calculated — but it's a big leap from the 145% that had been reported earlier.
The tariff news comes just as President Donald Trump signed an executive order kicking off a probe into the risks of depending on imported processed minerals and related materials. The White House says it's part of Trump's broader “America First Trade Policy.”
Last week, Trump gave a 90-day break on reciprocal tariffs to more than 75 countries seeking trade talks — but China wasn't on that list. Instead, it's now facing even steeper duties.
In the middle of all this, China has appointed a new top trade negotiator to handle rising tensions with Washington.
It's important to note that MCHI delivered a robust 10.95% gain over the past week, outpacing the S&P 500's 8.31% jump. However, on a monthly basis, the ETF's 12.55% decline contrasts significantly with the broader market's more modest drop, pointing to some volatility in its short-term trajectory.
