Brief by Shorts91 Newsdesk / 08:57am on 09 Apr 2025,Wednesday International
The White House has confirmed that President Donald Trump’s new 104% tariff on Chinese goods is effective from today, intensifying the US-China trade war. The move follows China’s refusal to withdraw a 34% retaliatory tariff on American products. Citing a national emergency caused by trade deficits, the US sharply raised tariffs from 10% to 104% in under a week. China responded, calling the action “blackmail” and vowed to “fight to the end.” Trump stated China “wants to make a deal” but hasn’t acted. Global markets have plummeted, marking the biggest drop since the COVID-19 pandemic due to this escalation. (PC: Reuters)
