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Photo: iStock / wildpixel
The Trump administration is planning to impose 104% tariffs against all imports from China, less than a day after China's Commerce Ministry vowed to "fight to the end" against U.S. levies.
According to CBS News, White House Press Secretary Karoline Leavitt confirmed the new tariff rate against Chinese imports in an April 8 press briefing, with the levies expected to take effect after midnight on April 9. President Donald Trump initially planned to hit China with 34% tariffs, which were first announced on April 2, along with 10% baseline levies for all other countries and even higher rates for dozens of other nations. Two days later, China retaliated with identical 34% tariffs against the U.S., scheduled to begin on April 10. By the start of the following week, Trump had threatened to raise the planned levies against China to 84%, before ultimately landing on 104%.
Although several countries have offered to reduce or eliminate their own duties against U.S. imports in the days since the initial announcement, Leavitt told reporters that there will be no delays or extensions as negotiations continue. China has taken the hardest stance against Trump's tariffs of any country, having also enacted export controls on rare metals, and opened antitrust investigations into a handful of U.S. companies.
"What we are seeing is a game of who can bear more pain," U.S.-China trade expert Mary Lovely told BBC's Newshour, adding that China may very well be willing to endure the impacts of a prolonged trade war simply to "avoid capitulating to what they believe is U.S. aggression."
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