Donald Trump has followed through on his threat of “additional 50 per cent tariffs” on China starting Wednesday. The White House announced that this will make America’s new tariff on China an unprecedented 104 per cent.
President Trump had given China 24 hours to roll back or “withdraw” the retaliatory 34 per cent tariff it imposed on US goods, failing which Chinese goods would be punished with 104 per cent tariffs. Beijing dared Washington to do so earlier today. Within hours Donald Trump announced it.