Trump’s reciprocal tariffs take effect today, China faces 104% levy

News Snapshot:

Chinese tariffs were already scheduled to increase by 34% on Wednesday as part of Trump’s “reciprocal” tariffs package read more US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington. Reuters President Donald Trump will impose an additional 84% tariff on all imports from China, White House Press Secretary Karoline Leavitt announced today. This means that all goods from the country will be subject to a minimum tariff of 104%. Chinese tariffs were already scheduled to increase by 34% on Wednesday as part of Trump’s “reciprocal” tariffs package. However, the President added...