Tariffs on China Set to Rise to at Least 104%

” President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday,” CNN reports.

“This comes on top of Chinese tariffs that were in place prior to Trump’s second term.”

“China was already set to see tariffs increase by 34% on Wednesday as part of Trump’s “reciprocal” tariffs package. But the president tacked on another 50% after Beijing didn’t back off its promise to impose 34% retaliatory tariffs on US goods by noon Tuesday, adding an additional 84% in duties.”