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The trade war between the US and China intensifies as President Donald Trump has imposed another round of tariffs, bringing duties on Chinese goods to a staggering 104%. This follows Trump’s warning to China, which was ignored, leading to the new punitive tariffs, effective from today, April 9.
Trump has made it clear that he will not back down on tariffs, further escalating the trade conflict. In retaliation, China has decided to impose an additional 34% tariff on imports from the US. The ongoing trade tensions continue to strain global economic relations, with Trump accusing several countries of damaging their economies with high tariffs. As of now, China has yet to respond to the latest move from the US.
