President Donald Trump made two major changes to his levies on China as trade tensions between the US and China continue to escalate
In an executive order on Tuesday, the president outlined the two new changes — raising tariffs on China to 104% and tripling tariffs on low-cost parcels.
The order came hours before Trump’s reciprocal tariffs took effect on Wednesday morning. He first announced the tariffs on April 2, a day he’s been calling “Liberation Day.”
He imposed a baseline 10% levy on goods from 185 countries, with some countries hit harder. Some countries were hit harder than others — the European Union was hit was a 20% tariff, Vietnam with 46%, and Lesotho with 50%.
Raising tariffs on China from 34% to 84%
Trump’s executive order on Tuesday wrote that, as of Wednesday, the reciprocal tariffs on China would be raised from the 34% he announced on April 2, to 84%.
