[ Trade War SITREP ] 245% Tariff on China!? Xi Jinping concludes trip to Malaysia; Quiet China moves

U.S. announce tariff up to 245%, but media reported "increase tariffs to 245%" on Chinese goods - Clarification from the white house: "This includes a 125% reciprocal tariff, a 20% tariff to address the fentanyl crisis, and Section 301 tariffs on specific goods, between 7.5% and 100%."

China President ends visit to Malaysia, with both nations agreed to build a “high-level strategic China-Malaysia community with a shared future,” emphasizing political trust, modernization cooperation, and cultural exchanges. 31 Cooperation Agreements: Signed memoranda of understanding (MOUs)

Newsom and the state's attorney general, Rob Bonta, filed the lawsuit in San Francisco federal court, which represents the first challenge from a US state against the president's tariff plan.

China's General Administration of Customs has changed its rules of how the origin of imported chips must be classified, now deeming that the wafer fabrication location should be counted as the origin of chips shipped to the country.

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