United States Imposes 104% Tariff on China, White House Announces
The United States will impose a 104% tariff on China beginning Wednesday, according to a press briefing at the White House.
Tariffs to Take Effect Tonight
Spokeswoman Karoline Leavitt announced that the tariffs will take effect at midnight, stating, "There will be 104 per cent tariffs going into effect on China tonight at midnight." Leavitt emphasized that President Donald Trump believes China "has to make a deal" with the US, and called Beijing’s retaliation "a mistake."
Global Response to US Tariffs
According to Leavitt, nearly 70 countries have already contacted the Trump administration to begin negotiations following his announcement last week. Trump recently declared a 10% minimum tariff on all imports and vowed higher reciprocal tariffs on major US trading partners, including China and the European Union (EU).
Trade Team Negotiations
Earlier Tuesday, Trump met with his trade team and directed them to negotiate "tailor-made" trade deals with every country that approaches the administration.
No Delay or Pause in Tariffs
When asked whether the president might delay the new tariffs, Leavitt said Trump has made it clear he is not considering an extension or a pause. She added, "As the president said, the reciprocal tariffs, which will continue to go into effect as these deals are negotiated and ongoing, will generate trillions of dollars in revenue for the US."
Conclusion
The US-China trade tensions continue to escalate, with the US imposing a 104% tariff on China and Beijing retaliating with its own tariffs. The global response to the US tariffs has been significant, with nearly 70 countries reaching out to the Trump administration to begin negotiations. As the trade war continues, it remains to be seen how the situation will unfold.
Frequently Asked Questions
- What is the tariff rate imposed by the US on China?
- The US has imposed a 104% tariff on China.
- When will the tariffs take effect?
- The tariffs will take effect at midnight on Wednesday.
- Has China retaliated against the US tariffs?
- Yes, China has retaliated with its own tariffs.
- How many countries have contacted the US to begin trade negotiations?
- Nearly 70 countries have contacted the US to begin negotiations.
- Will the tariffs be delayed or paused?
- No, President Trump has made it clear that the tariffs will not be delayed or paused.