- President Donald Trump gave Beijing one day to withdraw its retaliation to his latest tariff salvo, or else he will add another 50% duty on Chinese imports. Last week, Trump imposed a fresh 34% levy on top of his earlier 20% tariff. If he follows through with his latest threat, the total tariff on China would hit 104%. And if he imposes "secondary tariffs" on China for buying Venezuelan oil, it could reach 129%.
The U.S.-China trade war could get a lot hotter as President Donald Trump threatened Beijing with an additional 50% tariff unless it backs down from retaliating against his earlier tariff.
