Trump Slams China with 104% Tariff Hike!

2025-04-09 06:03:04.937

President Trump implemented a significant tariff increase on Chinese imports, raising the total to 104%. This action follows China's retaliatory tariffs on US goods. The new tariffs include a 50% increase, added to previously imposed tariffs, impacting a wide range of products. Additionally, tariffs on de minimis shipments (goods valued under $800) from China have been raised from 30% to 90%, with fees per item increasing substantially. This move is expected to significantly affect online retailers like Temu and Shein, who have utilized the de minimis loophole to export low-cost goods to the US. The increased revenue from these tariffs is projected to be substantial, with Trump claiming daily revenue generation of \"$2 billion\" from existing tariffs. The new tariffs on larger imports take effect immediately, while the de minimis tariff changes begin May 2nd.