NEW YORK, July 31 (Xinhua) -- U.S. President Donald Trump on Thursday signed an executive order further modifying tariff rates with nearly 70 trading partners. The order hereby imposes "additional ad ...

One day later, the White House in another executive order hiked rate to 125 percent. Ad valorem tax is a tax based on the assessed value of assets, goods or services being taxed.

China will modify accordingly the application of the additional ad valorem rate of duty on articles of the United States set forth in Announcement of the Customs Tariff Commission of the State Council ...