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05:56
China: Additional tariffs on China to go into effect on Wednesday: White House
CHINA / USA - FILE FOOTAGE - The US will impose a 104% tariff on China starting Wednesday, the White House said. "There will be 104% tariffs going into effect on China tonight at midnight," Press Secretary Karoline Leavitt told reporters on Tuesday. President Donald Trump believes China "has to make a deal" with the US, Leavitt said, adding: "It was a mistake for China to retaliate." Nearly 70 countries have already reached out to Trump to begin a negotiation on tariffs following his announcement last week, she said. Ramping up already high stakes in global trade wars, US President Donald Trump on Monday had threatened to impose additional 50% tariffs on China on top of the imposed 34% reciprocal tariffs announced last week. China rejected US President Donald Trump's new threat of imposing another 50% duty on Chinese imports, saying it "will fight till the end," state news agency Xinhua reported.
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