RawDiary

Trump Ignites Trade War: 104% Tariff Bombshell Hits China

In a monumental move, President Trump has imposed a staggering 104% tariff on Chinese imports starting April 9, sending shockwaves through global markets and igniting a full-blown trade war that could reshape international commerce.

24 Hours President Trump’s new tariffs take effect as a 104% levy on Chinese imports rattles global markets. Stocks plunge and bond yields surge while China retaliates with heavy tariffs of its own. Economic forecasts warn of a looming recession with millions of jobs at risk. Domestically, political battles erupt as IRS chaos and funding freezes at major universities add to the turmoil. Diplomatic backchannels are active between Biden officials, Beijing, and Tel Aviv as international alliances are tested. Amid disasters in the Dominican Republic and South Sudan, America faces a volatile geopolitical landscape.

Number 104% - New Tariff Rate on China

Quote ‘I know what the hell I’m doing,’ — Trump