Trump Slaps 104% Tariff on China as Tariff War Escalates

Hamilton Nwosa
Writer

Ad

(VIDEO) Gunmen attack at Kwara church captured on livestream

By Obinna Uballa A livestream from the Christ Apostolic Church (CAC) in Eruku town, Kwara State, captured the harrowing moments just before gun-wielding attackers struck during a church service on Tuesday. The video shows congregants gathered in prayer before the assailants suddenly opened fire, causing panic and chaos inside the church. Eyewitnesses report multiple injuries…

Nigeria protests US exclusion from Nicki Minaj’s UN event on alleged Christian genocide

By Obinna Uballa Nigeria has expressed strong reservations about being excluded from a United States-hosted event featuring American rapper Nicki Minaj on alleged killings of Nigerians of Christian faith. The New Diplomat had reported that Minaj issued a passionate call for urgent intervention to save Christians in Nigeria during a United Nations event hosted Tuesday…

Experts express optimism as Nigeria’s FX reserves surge to $46.7bn, highest in seven years

By Obinna Uballa Policymakers and experts have expressed optimism over Nigeria’s improving economic outlook as the country’s foreign exchange reserves hit a seven-year high of $46.7 billion, the Central Bank of Nigeria (CBN) announced on Tuesday. The milestone, the first since 2018, they say, signals renewed investor confidence, stronger oil receipts, and robust balance-of-payments inflows.…

Ad

By Abiola Olawale

The global trade war has continued to escalate as United States President Donald Trump imposed a staggering 104% tariff on Chinese imports effective immediately.

White House Press Secretary Karoline Leavitt, who confirmed the new tariffs, said the announcement came following China’s refusal to retract its retaliatory measures after a Tuesday deadline.

This move marks a dramatic escalation in the ongoing tariff war between the world’s two largest economies.

The decision came after Trump warned China earlier last week that failure to lift its 34% counter-tariff on U.S. goods would trigger an additional 50% duty, piling onto existing levies.

Addressing a press conference on Tuesday, Leavitt reiterated Trump’s belief that China made a strategic error by retaliating against earlier U.S. tariffs.

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 noted that Trump would be “gracious” if Chinese President Xi Jinping sought to negotiate a deal, signalling a potential opening for dialogue despite the escalating tensions.

The additional 104% tariff builds on Trump’s reciprocal tariffs plan, which already included significant levies on Chinese goods.

In response, the Chinese Commerce Ministry, through state news agency Xinhua, criticized the U.S. for what it described as “unilateral bullying” and “blackmail.”

The Ministry asserted that the proposed tariff escalation is both groundless and a violation of international trade norms.

It emphasized that China’s countermeasures are legitimate actions aimed at safeguarding its sovereignty, security, and developmental interests while maintaining a stable international trade order.

Ad

X whatsapp