tax rate

That comes out to about $1.52 under the current statewide sales tax rate of 7.25%, according to the California Department of Tax and Fee Administration.

Locked in a trade war with China, he increased the tax rate on Chinese imports to 145%, while China raised tariffs on U.S. goods to 84%.

If Trump goes ahead with the tariffs, Le said Vietnam could try to offset the impact by lowering corporate tax rates further, or offering more incentives for companies that invest in local factories.

President Trump on Wednesday temporarily backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.

US shares have rocketed after US President Donald Trump said he would suspend higher tariffs on goods from most countries, and instead impose a 10% import tax rate.