Trump’s New Tariff Move Against China: Increased to 104%

The White House announced that the customs tariff on imports from China would be raised to 104% starting Wednesday.

According to a statement from the White House, the decision to implement an additional 104% tariff was made in response to China not removing its retaliatory tariffs.

Reports from U.S. media outlets indicate that the 104% additional tariff will come into effect as of tomorrow. The White House emphasized that this move is a response to China’s counter-policy.

What Happened? U.S. President Donald Trump had previously threatened to increase existing tariffs by 50% if China did not remove its retaliatory tariffs on U.S. products.

The Chinese government had committed not to remove its counter-tariffs, which stand at 34%.