Trump's 104% tariffs on China take effect

The US tariff package on China took effect today, April 9, after President Donald Trump raised the overall rate to 104%, in a move that exacerbated the ongoing global trade tensions.

Trump had imposed a 34% reciprocal tariff on imports from China on April 2, which came on top of a 20% levy he vowed after taking office in January.

On April 4, China responded with its set of similar 34% tariffs on the US goods, prompting Trump raise the rates on the Asian country by an additional 50%.

On April 8, Beijing said it would "fight to the end".

Trump made good of his threats, as a levy of additional 50% to the tariffs announced on April 2 took effect about an hour ago with a total tax of 104% against China.