CHINA has hit back at Donald Trump with a new 84% tariff on the US in a return salvo in the brewing global war on trade.
Beijing blasted Washington as making a “mistake on top of a mistake”; as Trump’s new 104% hike took effect early on Wednesday.
Trump has doubled down on his measures that have rocked the global economy, blasting “trade cheats”; and saying nations are lining up to “kiss my a***”; to get a deal.
Don enforced his new round of tariffs on dozens of nations he dubbed the “worst offenders”; and accused of taking advantage of the US on trade.
China was at the top of the list and he boosted their tariff to the staggering 104% – going from 20% base, a 34% increase, and then a 50% add on after they refused to back down.
Trump has said his tariff regime will post standards of living in the US and make them more competitive on the global stage.
He has insisted his first wave of tariffs, introduced on nations such as the UK on Saturday, are already raking in billions of dollars.
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