The new tariffs the United States is imposing on countries around the world, including a 104 percent tariff on China, went into effect today.
Under Trump’s plan, tariffs on Chinese imports were initially set at 34 percent, and with the existing 20 percent tariff on China, that brought the total rate to 54 percent.
After Chinese officials announced reciprocal measures, the White House said the United States would increase the total rate on Chinese imports by another 50 percent – bringing the total to 104 percent.
In addition to the steep levies on Beijing, the United States has imposed tariffs on imports from dozens of other countries, including 46 percent on Vietnam, 32 percent on Taiwan, 25 percent on South Korea, 24 percent on imports from Japan, and 20 percent on all European Union countries.
On April 2, Trump signed an executive order imposing reciprocal tariffs on U.S. trading partners, including a 34 percent tariff on China, a 20 percent tariff on the EU, and a 24 percent tariff on imports from Japan.
In addition, Trump signed an executive order imposing a 25 percent tariff on foreign-made cars, light trucks, and auto parts, saying the measure was necessary to protect “national security.”
