President Trump has announced a significant escalation in the trade conflict with China by imposing a 104% tariff on Chinese goods.
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00:00President Trump has announced a significant escalation in the global trade conflict by
00:04imposing a 104 percent tariff on Chinese goods.
00:07The decision follows China's recent 34 percent retaliatory tariff response on U.S. goods,
00:13set to take effect April 9th.
00:15The White House has criticized China's actions, citing the U.S. trade deficit with Beijing.
00:20In response, China has condemned the U.S. measures as blackmail and has vowed to, quote,
00:25fight till the end to protect its interests.
00:28This intensification of tariffs has raised concerns about a full-scale trade war between
00:33the globe's two largest economies.