Trump’s 104% tariff against imports from China goes live

The United States is now applying 104% import tariffs against goods imported from China, that will eventually make all Apple hardware dramatically more expensive.

Apple CEO Tim Cook [left] with Donald Trump [right] at a Mac Pro factory

Following Trump’s implementation of a 34% tariff of imports from China into the United States and China’s reciprocal tariff response, Trump threatened a 50% extension unless China backed down. On Wednesday, the threat was implemented.

White House officials confirmed on Tuesday that a total 104% tariff on China would be implemented starting at 12:01am ET, 12:01pm China Standard Time, on Wednesday. The 104% figure is a combination of an existing 20% tariff, the 34% new tariff, and the 50% penalty for China pushing back with its own reciprocal tariffs on goods imported from the US.

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Source: https://appleinsider.com/articles/25/04/09/trumps-104-tariff-against-imports-from-china-goes-live?utm_medium=rss

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