The White House will impose an explosive 104% tariff on Chinese goods starting April 9!
Trump warned China that if the 34% tariff is not lifted, a fight will ensue, affecting electric vehicles, steel, and solar energy! A $20,000 Chinese electric vehicle will double its cost to $40,000 upon entering the U.S., making it nearly unsellable.
Of course, China isn't taking this lying down and immediately retaliated, starting April 10, imposing a 34% tariff on all imported American goods, including agricultural products, chips, and consumer goods.