International News: US President Donald Trump has announced a significant increase in tariffs on Chinese imports to 104 percent, effective immediately, negatively impacting trade relations between both countries. Tax war in full swing; Donald Trump imposes 104% import tariff on China.
US President Donald Trump is preparing to give a major blow to China. The tariff war between the two countries has reached a boiling point. Donald Trump has announced that he will further increase tariffs on China. The US currently has a 104% tariff on China, which will take effect tomorrow, Trump said.
Angered by the imposition of a 50% tariff on Chinese goods, China retaliated by imposing a 34% import tariff on American goods. This angered Donald Trump, who increased import tariffs on China from 50% to 104%.
President Trump gave China 24 hours to roll back the 34 percent tariffs it has imposed on American goods, Otherwise, they said, a 104 percent tariff would be imposed on Chinese goods. But because the Chinese government did not comply with Trump's order, Donald Trump announced a tariff increase.
Until last month, the US was imposing a 10 percent tariff on China. Speaking on the occasion, US President Trump said that China had stolen billions and billions of dollars from the American economy. Then they announced a series of reciprocal tariffs. In this, the United States imposes approximately half of the tariffs imposed on the United States by other countries. For China, it was an additional 34 percent.
Minutes after President Trump's announcement, the White House said the US would impose an additional 10% non-reciprocal tariff on the entire world.
The additional 50 percent tariff announced on Tuesday applies only to China, which now has to pay 104 percent of the tax. It has risen by almost 100% in less than a week. Yet Trump has still given the opportunity to reach a compromise with China. Writing on his social media platform Truth Social, he said, "China also wants to make a deal, but they don't know how to start it. We are waiting for their call."
