U.S. Imposes 104% Tariffs on Chinese Goods, Markets Plunge

The United States has officially raised import tariffs on Chinese goods to 104%, according to Fox News. The decision marks the most aggressive tariff move in the history of U.S.–China trade relations.

Shortly after the announcement, U.S. stock markets plummeted. Shares of companies reliant on Chinese supply chains — including those in tech, retail, and automotive sectors — were hit particularly hard.

The new tariffs cover a broad range of Chinese imports, from electronics and household appliances to industrial components. Experts warn that the move could drive up prices for American consumers and disrupt supply chains.

The U.S. Treasury Department stated the measure aims to protect domestic manufacturing and reduce the trade deficit. However, Beijing has already issued warnings about potential retaliatory actions.

As trade tensions escalate, analysts report that financial markets have entered a phase of heightened volatility and declining investor activity. The S&P 500 and Nasdaq are showing the sharpest swings in months, while the yuan and commodity prices reflect mounting global uncertainty.

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