Trump hits China with 104% tariffs
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Forbes |
President Donald Trump’s planned 104% tariffs on Chinese imports are slated to go into effect at 12:01 a.m. EDT Wednesday, complicating the hundreds of billions of dollars worth of Chinese products br...
CBC.ca |
China has raised tariffs to 84 per cent on goods coming from the U.S., effective April 10.
Yahoo |
Colorado small business owners fear China tariffs could put them out of business.
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The stock market got a much-needed spark today when President Trump announced he would pause reciprocal tariffs for 90 days, during which a 10% baseline tariff on imports would apply. The news sent the S&P 500 and Nasdaq Composite surging 9.
A staggering $1.9 trillion in extra industrial lending is fueling a continued flood of exports that could be spread even wider across the world by the Trump tariffs.
China has remained defiant in the escalating trade war. Trump advisers say other countries are lining up to negotiate deals.
As Trump's tariffs push Chinese businesses to seek new markets, one expert says the trade war is likely to get worse before it gets better.
Tuesday's closing level of 4,982 for the S&P 500 was its lowest close since April 19, 2024. For the fourth straight day, tariff headlines were the market's biggest challenge. Near midday, the White House confirmed that tariffs on China would be increased to 104% at midnight on Wednesday as the rest of President Trump's reciprocal tariffs go into effect.
U.S. stock index futures fell sharply on Wednesday after China announced more levies on U.S. goods, retaliating to President Donald Trump's reciprocal tariffs that took effect earlier in the day. The world's second largest economy would impose additional tariffs of 84% on all U.