The Trump administration gave the tech industry and consumers a collective heart attack this morning with a statement that suggested the US would raise tariffs on China to 245%. The White House published an official fact sheet that said,

The U.S. already imposed tariffs on some Chinese products of up to 100%. Add that to the 145% in new tariffs and some products face 245% tariffs.

Just make it 420.69 and be done with it, Mr President World War Fee No, it wasn't a typo. Some Chinese imports are indeed subject to a 245 percent tariff in the United States.… Last week, as widely reported,