The US China Tariff War has taken a sharp turn, and the global market is feeling the tremors. US President Donald Trump has imposed a steep 104% tariff on Chinese goods, effective from April 9. This decision came just a day after he issued a one-day warning to Beijing, demanding the rollback of its 34% reciprocal tariffs on US imports.
US China Tariff War Intensifies After Trump’s Deadline
Trump’s message was clear: if China didn’t remove its reciprocal tariffs, the US would respond aggressively. Last week, the US had announced a 34% tariff on Chinese imports. In response, China retaliated with a 34% duty on American goods. Now, escalating the US China Tariff War further, the US has raised its tariff to 104%. The White House has confirmed this sharp increase, making it clear that the trade standoff is intensifying with no signs of cooling down.
Can India Gain Amid US China Tariff War?
As the US China Tariff War deepens, global manufacturers may begin looking for alternatives. India could emerge as a key player. With supply chains shifting, India might attract new trade partnerships and investments—especially in technology and manufacturing.