Trump slaps 104% tariff on China
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The Trump administration is following through on a threat to add a 50% tariff on Chinese goods, in addition to 34% reciprocal tariffs, raising the overall tariff rate on Chinese goods to 104%. The ste...
From Yahoo Finance
President Donald Trump defends his reciprocal tariffs plan as an 'America first' move.
From Fox News
“The U.S. threat to escalate tariffs on China is a mistake on top of a mistake, which once again exposes the blackmail nature of the United States,” the ministry’s statement said.
From The New York Times
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stocks, tariffs and bear market
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US stocks mostly fell after an extremely volatile day Monday — tumbling, surging and then bouncing around in every direction, as traders searched for any sign that President Donald Trump’s tariffs cou...
From CNN
Most major stock indexes ended a turbulent Monday lower as U.S. President Donald Trump showed no sign of easing up on his global trade war, while U.S. Treasury yields rebounded.
From Reuters
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Trade economists predict the United States could pay over $712 billion more in import tariffs this year compared to 2024.
Donald Trump threatened to hit Beijing with the higher tariff if it did not withdraw its own retaliatory levy.
By Susan Heavey, Trevor Hunnicutt and Joe Cash WASHINGTON/BEIJING (Reuters) -The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by President Donald Trump's sweeping tariff plan.
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A broader negotiation push is taking shaping a day before new US duties come fully into force, even as trade tensions between President Trump and China continue to escalate. On Tuesday, China vowed on Tuesday to "fight to the end" if the US brings in additional tariffs threatened by President Trump,
The White House announced that China's government missed its deadline to lift retaliatory tariffs, so U.S. levies on imports from China will rise to 104%.
Adam Williams, 57, owner of Ansley Wine Merchants in Atlanta, said he was bracing for the worst on Wednesday, as President Donald Trump's tariffs are set to kick in, which will spike costs of the imported wines and liquors he sells.
The company is pausing shipments through April while it figures out how to deal with Trump’s 25 percent import tariff.
The nation's top trade representative said Tuesday that President Donald Trump’s sweeping tariffs are already getting results, bringing other countries to the negotiating table to discuss reducing their trade barriers.
The European Commission has invited the sectors most impacted by U.S. tariffs to an in-person meeting on Thursday, an invitation letter seen by Reuters showed, as the commission weighs new trade partnerships and further countermeasures.
Northern Ireland Secretary of State Hilary Benn has said the government will take a "calm and considered" approach in dealing with the fall out from the US trade tariffs. He also confirmed that the government has carried out an impact assessment on how businesses in Northern Ireland might be impacted.
European and Asian stock markets and US futures all rose on Tuesday after a painful sell-off sparked by the imposition of US trade tariffs.