U.S. Imposes 104% Tariff on Chinese Goods as Trade W+r Escalates

U.S. Imposes 104% Tariff on Chinese Goods as Trade W+r Escalates

The Trump administration has made good on its thr£ats to significantly raise tariffs on Chinese imports, imposing a combined 104% duty through a new 50% tariff and existing 34% reciprocal measures.

The sweeping increase took effect at 12:01 a.m. ET on Wednesday, also impacting 184 other U.S. trading partners.

This escalation capped a tense day in U.S.-China relations. Beijing vowed to “f+ght to the end” following President Trump’s Monday announcement of fresh tariffs, a response to China’s initial retaliatory measures. “It was a mistake for China to retaliate,” said White House press secretary Karoline Leavitt on Tuesday.

Markets reacted swiftly to the growing uncertainty. U.S. stocks, which had been climbing on optimism sparked by Treasury Secretary Scott Bessent’s push for renewed negotiations, reversed course sharply. Major indexes closed deep in the red after the tariff news broke.

Despite the heightened tensions, Trump expressed confidence that countries are willing to return to the negotiating table. “We’re going to get fair deals and good deals with every country, and if we don’t, then we’re going to have nothing to do with them,” he said Monday at the White House. Talks have reportedly begun with Japan and South Korea.

Earlier, on April 2, Trump had unveiled a blanket 10% tariff on all imports into the U.S. and announced additional duties targeting 185 countries he labeled the “worst offenders” in unfair trade. Those tariffs are set to take effect April 9.

The global response has been mixed. Some countries are still weighing their options, while others have begun retaliating. Canada has imposed new tariffs on certain U.S. vehicles, and the European Union is preparing its own countermeasures. Under the new U.S. policy, EU goods face a 20% tariff, affecting roughly 70% of the bloc’s exports to the U.S.

Businesses worldwide are already adjusting, with many beginning to raise prices in anticipation of prolonged trade disruptions.

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