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Live updates: China retaliates as new US tariffs go into effect

What to Know

  • President Donald Trump’s sweeping tariffs went into effect at midnight ET, including a total of 104% on goods from China, the White House said.
  • China said it was hiking retaliatory duties on U.S. imports to 84% from 34% hours after the new U.S. tariffs went into effect.
  • Trump said Tuesday that his administration will “very shortly” announce tariffs on pharmaceuticals.

President Donald Trump’s sweeping tariffs went into effect at midnight, including an additional 50% on goods from China. Follow along for live updates.

Source: www.nbcphiladelphia.com…

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