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President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday. China was already set to see tariffs increase by 34% as part of Trump’s “reciprocal” tariffs package. But the president tacked on another 50% after Beijing didn’t back off on its promise to impose 34% retaliatory tariffs on US goods by noon Tuesday, adding an additional 84% in duties.
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By CNN Podcasts3.8
23792,379 ratings
President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday. China was already set to see tariffs increase by 34% as part of Trump’s “reciprocal” tariffs package. But the president tacked on another 50% after Beijing didn’t back off on its promise to impose 34% retaliatory tariffs on US goods by noon Tuesday, adding an additional 84% in duties.
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