WH: 104% Tariff On Chinese Goods Begins At Midnight

CBS News reports:

The U.S. will impose a 104% tariff on China beginning at 12:01 a.m. EST Wednesday, White House press secretary Karoline Leavitt said in a briefing Tuesday. “When America is punched, he punches back harder. That’s why there will be 104% tariffs going into effect on China tonight at midnight.”Mr. Trump on Monday threatened an additional 50% tariff on imports from China after the nation retaliated by imposing a 34% import fee on American products. China’s retaliatory move came after Mr. Trump said China would face a 34% tariff on all goods imported to the U.S., a rate tailored specifically to China.

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