Trump administration imposes 104% tariff on Chinese goods

US ramps up trade pressure on China. The Donald Trump administration has announced additional tariffs of 50%, bringing the total tariff to 104%.

Tramp

As reported by CNBC, citing a White House statement, the new measure was a response to China's decision to maintain mirror tariffs on American products, including a 34% duty.

What happened?

  • The US imposed an additional 50% duty on imports from China.
  • The combined rate is now 104% (34% + 20% + 50%).
  • The reason is mirror measures by China after Trump's announcement of "reciprocal tariffs".
  • China, in response, imposed its own duties on 34% of American goods.

The White House's position

The Trump administration believes that the duties are part of a strategy:

  • Equalize the terms of trade with international partners;
  • Bring jobs back to the US;
  • Change the tax structure, which, according to Trump, works against the interests of the American economy.

The opinion of critics

Wall Street experts warn: such measures could hurt American consumers and businesses. Rising costs and trade uncertainty pose risks for companies, especially in the context of global inflation.

How are companies responding?

According to Bloomberg, Apple does not rule out price increases, but will try to avoid higher costs for consumers, despite the possible impact of tariffs.

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