Trump Slaps 50% More Tariff on China Escalating Trade War

In a dramatic escalation of the US-China trade war, President Donald Trump announced an additional 50% tariff on Chinese goods, raising total tariffs to an unprecedented 94%. The move comes less than 48 hours after Beijing imposed a 34% retaliatory tariff on the US, following Trump’s earlier reciprocal duty hike. Announced at 11:30 am US time, Trump’s order includes a 24-hour ultimatum for China to roll back its tariffs. Warning of terminated talks with Beijing, Trump emphasized, “These are just reciprocal.” Global markets and oil prices have plunged amid fears of a deepening global economic rift.