White House says 104% tariff on China will take effect Wednesday [View all]
Last edited Tue Apr 8, 2025, 03:19 PM - Edit history (1)
Source: CBS News
Updated on: April 8, 2025 / 2:39 PM EDT
The U.S. will impose a 104% tariff on China beginning at 12:01 a.m. EST Wednesday, White House press secretary Karoline Leavitt said in a briefing Tuesday. Starting tomorrow, the White House will begin collecting steep levies on imported goods from China, as President Trump follows through on a threat issued against Beijing on Truth Social Monday.
Mr. Trump on Monday threatened to slap an additional 50% tariff on imports from China after the nation said it would impose a 34% import fee on American products. China's retaliatory move came after Mr. Trump said China would face a 34% tariff on all goods imported to the U.S., a rate tailored specifically to China.
Mr. Trump also said in his Truth Social post that the U.S. would cease all negotiations with China, while proceeding with trade talks with other nations. China's commerce ministry on Tuesday asserted that Beijing would "fight to the end" and take countermeasures against the U.S. if Mr. Trump did not walk back his latest threat.
In the press briefing Tuesday, Leavitt said retaliatory tariffs on roughly 90 countries were designed to open negotiations with the U.S.'s trade partners. "To countries around the world, bring us your best offers and he will listen," Leavitt said of Mr. Trump. "Deals will only be made if they benefit American workers."
Read more: https://www.cbsnews.com/news/china-104-tariff-threat-retaliatory/
Article updated.
Original article -
The U.S. will impose a 104% tariff on China beginning at 12:01 a.m. EST Wednesday, White House press secretary Karoline Leavitt said in a briefing Tuesday.
Starting tomorrow, the White House will begin collecting steep levies on imported goods from China, as President Trump follows through on a threat issued on Truth Social Monday.
Mr. Trump threatened an additional 50% tariff on imports from China after the nation retaliated against the U.S. with a 34% import fee on American products. China's retaliatory move came after Mr. Trump said China would face a 34% tariff on all goods imported to the U.S., a rate tailored specifically to China.
China's commerce ministry on Tuesday asserted that Beijing would "fight to the end" and take countermeasures against the U.S. if the president did not back away from his latest threat.
— This is a developing story and will be updated.
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