WASHINGTON – U.S. President Donald Trump has once again surprised the world with his executive decisions, this time by imposing a massive 104% tariff on all Chinese imports — a move that could escalate into a full-blown trade war with serious global repercussions.
The hefty tariffs are part of Trump’s response to China’s refusal to withdraw its retaliatory tariff plan. As economic uncertainty rises, markets have already begun reacting negatively.
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Previously, the U.S. had placed a 34% tariff on Chinese goods under Trump’s “reciprocal tariffs” approach. However, he significantly raised the pressure by adding another 50%, bringing the total to a staggering 104%.
Beijing has refused to yield, a stance some view as a strategic misstep. Trump’s aggressive move rattled global markets, with major indexes like the S&P 500 and Nasdaq taking a sharp hit.
China strongly condemned the decision, calling it “a mistake upon a mistake,” and vowed firm retaliation. “We do not seek conflict, but we will not avoid it,” said China’s Ministry of Commerce, warning of countermeasures.
China is expected to target key U.S. exports, particularly agricultural goods like soybeans and sorghum, while also imposing bans on American poultry. Tighter restrictions on U.S. businesses in China, including legal and tech firms, are also anticipated.
Experts warn the new tariffs could have far-reaching impacts, likely driving up consumer prices and worsening inflation, putting added pressure on American households and businesses alike.
