Trump's 'Explosive' Global Tariffs Take Effect - Including a 104% Rate on China
The full weight of Donald Trump's "Liberation Day" strategy is now in force.
But as additional tariffs are imposed on imports from countries with which America has significant trade deficits, many US consumers fear rising prices on everyday goods such clothes and food, with some people stockpiling while they can.
China and the US, the world's two biggest economies, are now engaged in an escalating stand-off.
The 104% on Chinese goods represents the highest tariff living memory.
Other countries, according to Donald Trump, are keen to try to negotiate a deal, with delegations from Japan and South Korea en route to Washington.
The drama of the past week appears to have fuelled divisions within the White House, exploding yesterday into a feud between Elon Musk and President Trump's trade adviser Peter Navarro, who the Tesla boss described as "dumber than a sack of bricks".
The White House press secretary Karoline Leavitt has dismissed their public sparring, saying "boys will be boys".
(Source: BBC)