Washington: In a dramatic escalation of the ongoing trade dispute, US President Donald Trump has imposed an additional 50% tariff on Chinese goods, raising the total tariff to an unprecedented 104%. This move follows China’s retaliation against earlier US tariffs, and President Trump had warned that failing to roll back its 34% tariffs would result in even higher duties on Chinese imports.
The new tariffs, announced by the White House on Wednesday, are a response to China’s recent 34% tariffs on US products, which were implemented after Trump’s previous tariff orders.
Trump’s decision to impose a 104% tariff on Chinese goods comes just hours after Beijing’s challenge to the US, with the Chinese government daring the US to proceed with further sanctions.
The escalation is part of a broader tariff strategy by President Trump, which also includes new tariffs on goods from other countries, including 26% on India and 20% on the European Union.
The move is expected to deepen the global trade tensions, affecting industries worldwide.
