Any further action from Beijing will be met with immediate and substantially higher tariffs,” Trump warned.
NEWS18
U.S. President Donald Trump has imposed a sweeping 104% tariff on all goods imported from China, marking a major escalation in trade tensions between the two global powers. The measure, confirmed by the White House, takes effect at midnight on Tuesday, April 8.
Trump’s administration said the new tariffs aim to “level the playing field” amid growing frustration over what the president described as unfair trade practices and “looting” of the U.S. by foreign nations.
On Monday, Trump threatened even higher tariffs if Beijing doesn’t reverse its newly imposed 34% retaliatory duties. “Any further action from Beijing will be met with immediate and substantially higher tariffs,” he declared.