The Trump administration will hit China with 104% tariffs starting at 12:01 a.m. Wednesday, the White House said Tuesday.
President Donald Trump had threatened an extra 50% on tariffs against China − in addition to an initial 20% that was supplemented by 34% “reciprocal” levies Wednesday − after Beijing said it would respond with a 34% tax of its own.
On Tuesday, White House press secretary Karoline Leavitt told reporters the full package of more than 100% in levies would kick in overnight.
“It was a mistake for China to retaliate,” she said. “When America is punched, (Trump) punches back harder, and that’s why there will be 104% tariffs going into effect on China tonight at midnight.”
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Source: https://www.usatoday.com/story/news/politics/2025/04/08/tariffs-trump-stock-market-live-updates/82978513007/
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