After Beijing missed a deadline on Tuesday to remove its retaliatory tariffs, the Trump administration announced a high 104% duty on Chinese goods, further escalating its trade war with China.
This action comes after President Donald Trump said China is keen to “make a deal badly.”
During a news briefing on Tuesday, White House news Secretary Karoline Leavitt confirmed the new tariffs, adding that they will go into force at midnight on April 9.
Trump believes China made a strategic mistake by retaliating against previous U.S. penalties, Leavitt said.
She remarked, “The president, when America is punched, he punches back harder, that’s why there will be 104% tariffs going into effect on China tonight at midnight.”
Leavitt also hinted at a possible avenue for communication amid the rising tensions, saying that Trump would be “gracious” if Chinese President Xi Jinping attempted to negotiate a solution.
Context and worldwide responses
Trump’s reciprocal tariff proposal, which already included substantial taxes on Chinese imports, is strengthened by the new 104% levy.
Trump announced “Liberation Day” on April 4 and unveiled a list of tariffs, which sparked conflicting responses throughout the world.
While China retaliated with a 34% reciprocal duty on U.S. imports, pledging to “fight to the end” and accusing the U.S. of “blackmail,” other countries attempted to negotiate better trade conditions with the U.S.
In order to defend its harsh trade policies, the Trump administration has accused China of utilizing non-market methods that give them “global dominance in key manufacturing industries” and “decimating U.S. industry.”
Trump’s tariff policy
Trump is steadfast in his tariff policy despite communications from trading partners requesting respite from the charges.
Trump underlined the significance of tariffs to his economic agenda during a Monday meeting with Israeli Prime Minister Benjamin Netanyahu.
In response to requests for tariff relief, he said, “We’re not looking at that,” but he did leave the door open for “fair deals and good deals with every country.”
Things you should be aware of.
Through the official news agency Xinhua, the Chinese Commerce Ministry announced on Tuesday that it is steadfastly opposed to Washington’s proposed 50% tariff increase on Chinese imports and that it will take swift action to safeguard its interests as a nation.
The Commerce Ministry blasted the United States for what it called “unilateral bullying” and “blackmail” in a strong-worded statement.
The planned tariff rise, according to the Ministry, is unjustified and against international trade standards.
It stressed that China’s countermeasures are justifiable steps meant to preserve a stable international trade system while defending its sovereignty, security, and developmental interests.
Additionally, the Ministry claimed that the possibility of tariff escalation affects the stability of international commerce and accused the United States of repeating its mistakes.