Trump's 104% China Tariff Kicks In as Deadline Nears
Starting April 9 at 12:01 AM EDT (4:01 AM GMT), the United States will implement increased tariffs on imports from a multitude of countries. Notably, Chinese products will now be subject to a staggering cumulative tariff of 104% under new directives introduced by President Trump. This tariff escalation is a direct response to China's retaliatory measures, which mirrored Trump's initial 34% increase. Determined to counteract, Trump announced an additional 50% levy. When considering the prior duties implemented in February and March, the overall tariff increase on Chinese imports during Trump's second term has reached 104%. These actions persist despite significant declines in major U.S. stock indexes and advisories from economists warning that such tariffs could spur inflation and disrupt global supply chains. Nevertheless, Trump stands firm, asserting that his policy is aimed at revitalizing America's manufacturing sector by encouraging a homecoming of companies. Yet, many analysts remain skeptical about the practicality and timing of this potential industrial shift. The Chinese government has criticized the intensifying trade tensions, accusing the U.S. of engaging in coercion and pledging to "fight it to the end."
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