China Retaliates With Tariffs After Trump’s 104% Tariffs
President Trump’s 104% tariffs on China took effect at midnight. In response, China imposed additional tariffs of 50% on the U.S., raising its total to 84% on American imports. This escalation led to instability in global markets with American stock futures down.
- The White House criticized China’s reaction, describing it as a losing strategy.
- Treasury Secretary Scott Bessent labeled China as the “worst offender” in global trade.
- Bessent argued that as a surplus country, China would face more consequences.
China accused the U.S. of aggressive economic actions.
Tags #International, #Law, #Technology
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