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104%
White House says 104% tariff on China will take effect Wednesday
SUMMARY
The U.S. will implement a 104% tariff on Chinese imports starting Wednesday. This decision follows a threat from President Trump after China announced a 34% import fee on American goods. Trump also indicated that negotiations with China would cease, focusing instead on trade talks with other nations.
China's commerce ministry vowed to "fight to the end" against U.S. actions. The U.S. press secretary, Karoline Leavitt, stated that 70 countries are seeking negotiations to lower tariffs. She emphasized that retaliation from countries like China is a mistake and reaffirmed Trump's commitment to restoring U.S. manufacturing.
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