Tariffs on China set to rise to 104% on Wednesday
a year ago
- #Donald Trump
- #US-China Trade War
- #Tariffs
- President Donald Trump is imposing a 104% tariff on all Chinese imports.
- This is in addition to existing tariffs and a 34% increase already planned.
- China retaliated with a promise of 34% tariffs on US goods, prompting an additional 50% tariff from Trump.
- White House Press Secretary Karoline Leavitt stated Trump will not back down, emphasizing his firm stance.
- China opposes the tariffs, calling them 'a mistake upon a mistake,' and vows further retaliation.
- Other countries and the EU also face new tariffs ranging from 11% to 50%.
- Trump is open to 'tailor-made' trade deals but shows no intention to delay tariff implementation.