President Donald Trumps sweeping new tariffs go into full effect, including combined 104% on China

Asian shares sank again on Wednesday as the latest set of U.S. tariffs, including a 104% levy on Chinese imports, went into effect.

The sharply higher tariffs kicked in after midnight Eastern time in the U.S., even as investors have no idea what to make of President Donald Trumps trade war.

On Tuesday, the S&P 500 dropped 1.6% after wiping out an early gain of 4.1%. That took it nearly 19% below its record set in February. The Dow Jones Industrial Average dropped 0.8%, while the Nasdaq composite lost 2.1%. Uncertainty is still high about what President Donald Trump will do with his trade war.

MORE: https://www.wthr.com/article/news/nationworld/trumptariffsgointoeffect/50794f63e3c5fd948e5b534cb415966e5e1

Source: WTHR

Published on April 9, 2025