The White House on Tuesday said US President Donald Trump's tariffs on imports from China are set to rise overnight to 104% as Beijing refuses to withdraw its retaliatory tariffs on United States exports.
White House Press Secretary Karoline Leavitt disclosed this at a briefing with reporters.
Leavitt said, “It was a mistake for China to retaliate. When America is punched, [the president] punches back harder.
“That is why there will be 104% tariffs going into effect on China tonight at midnight.”
Recall that Chinese goods were already set to be slapped with 54% tariffs as part of Trump's wave of added duties set to go into effect on Wednesday.
Last week, Trump announced a minimum 10% tariff on all imports, but he had already set a 20% tariff for imports from China and a 34% additional tariff on Chinese goods as retaliation for the United States' large trade deficit with the the rival economic power.
But on Monday, Trump placed an additional 50% tariff on Chinese goods in response to 34% retaliatory tariffs China imposed on the US.
