White House Announces New Tariffs on Chinese Goods

In a significant escalation of the ongoing trade tensions, the White House confirmed on Tuesday that additional tariffs of 104% on Chinese imports will take effect at midnight. This move comes in response to China's refusal to remove its 34% tariff on US goods, as reported by local media.

Confusion Over Tariff Implementation Timing

Earlier reports from Fox Business' Edward Lawrence suggested that the tariffs "went into effect at noon eastern time." However, the White House secretary later indicated that these reports might have been misquoted, adding a layer of confusion to the situation.

Trump's Ultimatum to China

The decision follows President Donald Trump's recent threat to impose an additional 50% duty on Chinese imports unless China withdraws its retaliatory 34% tariff. This would elevate the total import charges to a staggering 104%, marking a critical point in US-China trade relations.