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Trump's new tariffs against China rise to 104%
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US President Donald Trump's punishing tariffs on dozens of economies came in force on Wednesday, April 8, including over 100% in levies against Chinese goods, dramatically ramping up a devastating global trade war. US tariffs on Chinese imports would reach 104%, the White House confirmed on Tuesday, as Washington doubles down on planned action after Beijing vowed a "fight to the end" on levies.
US President Donald Trump had vowed a further 50% tariff on goods from China on Monday if Beijing did not retract upcoming retaliation – and the White House confirmed that Trump will proceed with this action. The new taxes will be on top of the 20% tariffs announced as punishment for fentanyl trafficking and the separate 34% tariffs announced last week, taking the overall added duties this year to 104%.
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