White House: The actual tax rate on goods imported from China is 145 percent.

Speaking at the cabinet meeting, Trump emphasized that the U.S. is "in very good shape" and defended the tariff policies. Officials from the White House announced that the tariff rate applied to a significant portion of imports from China is 145%. U.S. President Donald Trump had announced on Wednesday that the tariff on the Asian country would be raised to 125%. However, White House officials stated that this rate would be in addition to the currently applied 20% tariff. Speaking at the cabinet meeting held on Thursday, Trump defended the tariff policies that have shaken global markets and said that the U.S. is "in very good shape." "We are very, very pleased with the direction of the country. We are working to ensure the world treats us fairly," he said.