The US–China trade tensions took a major turn on Monday as the White House confirmed a sweeping 104% tariff on selected Chinese imports, escalating an already volatile standoff between the world’s two largest economies.
According to Fox Business reporter Edward Lawrence, White House Press Secretary Karine Jean-Pierre announced that the
US stocks managed to claw back some gains, but analysts warn that escalating trade hostilities could trigger renewed volatility, hurt investor sentiment, and slow down global economic growth.
The new 104% tariff measure significantly ramps up existing barriers. Previously, Trump had imposed a 10% tariff on nearly all imports into the US, and further duties—potentially reaching 50%—are set to roll out against multiple trading partners starting April 9.
This tough approach has raised concerns among business groups and economists about rising costs for American consumers and companies reliant on Chinese goods.
Chinese officials labeled Washington’s latest actions as “blackmail” and vowed to “fight to the end” to protect their interests.
The Chinese government emphasized its readiness to retaliate with countermeasures if necessary, fueling fears of a full-scale trade war with global consequences.
Despite the sharp rhetoric, Trump hinted at the possibility of reaching an agreement.
“China also wants to make a deal, badly, but they don’t know how to get it started. We are waiting for them,” the president said, suggesting that diplomacy remains a potential path forward—albeit a distant one for now.
.@PressSec: “It was a mistake for China to retaliate. When America is punched, [President Trump] punches back harder. That’s why there will be 104% tariffs going into effect on China tonight… If China reaches out to make a deal, he will be incredibly gracious.”
With tensions mounting, all eyes are now on Beijing’s next move.
The fallout from this latest escalation could have lasting impacts not only on US–China trade relations but also on the broader global economy.
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