Today, April 8, is the deadline set by Trump for China to lift its 34% tariffs on American goods. If Beijing does not comply, the United States will impose new tariffs of 50% starting tomorrow.
This will result in a cumulative tariff of 104% (20% + 34% + 50%) on Chinese imports, which have a total value of $439 billion annually.
China has vowed to "fight to the end" against the tariffs imposed by Trump.
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