by: xpoolPosted on:

China Stands Firm: Trump Imposes 104% Tariffs on Chinese Imports

In an escalation of trade tensions between the US and China, President Donald Trump has imposed a record-breaking 104% tariff on all imported goods from China. This move follows China’s continuation of its own tariffs, which currently stand at 34% on American exports. The White House announced these tariffs will take effect this Tuesday, April 8th at noon, with collections beginning on April 9th. Trump stated that China had not yet initiated negotiations to resolve the trade dispute, despite claims of seeking an agreement. This escalation marks a significant step in the ongoing trade war between the two economic powerhouses.

Related posts:

  1. China Imposes 34% Tariff Increase on All U.S. Goods, Escalating Trade War with the U.S.
  2. China Imposes 34% Tariff Hike on U.S. Goods Starting April 10th
  3. China to Retaliate Against U.S. Tariff Hikes: Potential Economic Impact & Cryptocurrency Implications
  4. U.S. Imposes 104% Tariff on Chinese Goods Starting April 9