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Trump's sweeping new tariffs in effect, including 104% on China

  • Donald Trump's tariffs, including a 104% levy on Chinese goods, took effect on Wednesday, impacting global trade.
  • China plans to implement retaliatory tariffs of 34% on U.S. Goods, amid ongoing trade tensions.
  • The European Union's chief, Ursula von der Leyen, emphasized the need to avoid escalating the trade conflict during a call with Chinese Premier Li Qiang.
  • A Reuters/Ipsos poll found that nearly three-quarters of Americans expect prices of everyday items to rise in the next six months due to the tariffs.
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China, EU retaliate as Trump trade tariffs kick in

China and the European Union announced new trade barriers on U.S. goods on Wednesday in response to steep duties imposed by President Donald Trump, escalating a global trade war that has hammered markets and raised the likelihood of recession.

·Salt Lake City, United States
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Finance Magnates | Financial and business news broke the news in on Tuesday, April 8, 2025.
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