Trump Sees ‘Transition Problems’ With China Tariffs at 145%

WATCH: President Trump’s tariffs on Chinese imports are now at least 145%.Source: Bloomberg
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President Donald Trump said his tariffs may cause “transition problems” but expressed confidence in his plan, after the White House clarified US tariffs on China rose to 145%.

“There’ll be a transition cost, and transition problems, but in the end it’s going to be a beautiful thing,” Trump said Thursday during a Cabinet meeting. “We’re in very good shape.”