China, U.S. trade tensions escalate as Trump set to implement 104 percent tariff

The United States is poised to implement a 104 percent tariff on goods imported from China at midnight Tuesday.

The White House press secretary told reporters today China was “making a mistake” by responding with steep tariffs after the U.S. hit the country with a 34 percent duty last week.

U.S. President Donald Trump met with his team in the morning and directed them to have tailor-made trade deals with each and every country that contacts his administration with an offer.