President Donald Trump is set to impose sweeping tariffs on all Chinese imports, raising duties to an unprecedented 104% starting 9 April.
The hike stems from a series of escalations between the U.S. and China, with Trump responding to Beijing’s planned 34% retaliatory tariffs by adding another 50% on top of previously scheduled increases. The Chinese Commerce Ministry sharply criticized the move, promising stronger retaliation, CNN reports.
Trump’s administration also tripled tariffs on low-cost imports (under $800), impacting popular platforms, and potentially leading to sharp price hikes for U.S. consumers.
China, the U.S.’s second-largest source of imports, is preparing a tough response. State media has floated possible countermeasures, including banning U.S. poultry, raising tariffs on soybeans, halting cooperation on fentanyl, and restricting U.S. services and entertainment exports.
With China accounting for a major share of American imports—especially electronics, toys, and communication gear—the tariffs are likely to ripple through the U.S. economy, raising costs for both businesses and consumers.
While other nations also face new tariffs ranging from 11% to 50%, Trump’s administration is leaving the door open for “tailor-made” trade deals. Talks are ongoing with several countries, but the White House insists the tariffs will proceed as planned, signaling a shift toward a more fragmented and aggressive global trade approach, CNN concludes.
