The Trump administration will impose a 104 percent tariff rate on China at 12:01 a.m. on April 9.
President Donald Trump has threatened to implement an additional 50 percent levy on the Chinese regime if it failed to reverse its 34 percent retaliatory tariff on U.S. goods.
Speaking to reporters at a press briefing on April 8, White House press secretary Karoline Leavitt confirmed that the president’s higher levies will take effect tonight.
“It was a mistake for China to retaliate to the president. When America is punched, he punches back harder,” Leavitt said. “That’s why there will be 104 percent tariffs going into effect on China tonight at midnight.”…