Trump’s sweeping tariff plan kicks in as China hit with 104% levy

Source: New York Post

The US government on Wednesday began collecting tariffs imposed by President Trump on roughly 90 countries, including a whopping 104% levy on China.   The sweeping reciprocal tariffs, which hit US allies and adversaries alike, went into effect just after midnight and are in addition to a 10% baseline levy imposed on April 5. Trump, 78, slapped China with the steepest duties on imports after the People’s Republic imposed retaliatory 34% tariffs on US goods in response to the 34% import fee the president announced last week.