The White House said China is facing up to a 245% tariff on imports to the U.S. “as a result of its retaliatory actions.” The potential rate was outlined in a fact sheet accompanying an executive order signed by President Donald Trump investigating “national security risks posed by U.S. reliance on imported critical minerals.” A White House official told Newsweek this combines reciprocal tariffs, fentanyl tariffs, and existing Section 301 tariffs. Electric vehicles with outstanding Section 301 tariffs of 100% from the Biden Administration would face a 245% total rate. The escalating U.S.-China trade war is rattling global markets as American businesses face supply chain complications and higher costs, while Chinese exporters must find alternative markets to replace U.S. losses.