In response to China's retaliatory tariffs, the U.S. government announces significant increases in tariffs affecting numerous imports from China.
The White House has confirmed that the United States will raise tariffs on Chinese imports to as high as 104% beginning Wednesday at midnight, following retaliatory measures from Beijing.
President
Donald Trump announced this escalation in response to China's imposition of reciprocal tariffs earlier this week, which were set at 34%.
According to White House spokesperson Karoline Leavitt, these increased tariffs will take effect one minute after midnight.
Trump's announcement came after he stated that if China did not withdraw its tariffs by noon on Tuesday, the U.S. would implement an additional 50% tariff on a range of Chinese exports.
Before the deadline passed, Trump asserted that China 'desperately' wants to reach an agreement regarding tariffs but indicated that they were unclear on how to proceed with negotiations.
The U.S. administration expressed its readiness to receive a call from Chinese President Xi Jinping to discuss the matter further.
In response, Chinese authorities condemned the U.S. actions, labeling them as 'blackmail.' On the previous Friday, China had initiated countermeasures to the tariffs announced by Trump, which had raised tariffs on Chinese products to at least 54%.
The Chinese measures included implementing a 34% tariff on imports from the United States, sanctions targeting certain U.S. companies, and restrictions on the export of specific rare earth materials.
Additionally, China suspended imports of chicken and sorghum from select U.S. firms and launched anti-monopoly and anti-dumping investigations against American companies and goods.
Furthermore, China has filed a complaint with the World Trade Organization (WTO) regarding the 'reciprocal tariffs' imposed by the U.S. on all its trading partners under the dispute resolution mechanism.
On April 2, Trump had announced a set of global tariffs starting at 10%, which took effect on Saturday, with higher rates planned for specific regions and countries, including China and the European Union, set to begin on April 9.