Live updates,

The US president has nearly doubled duties on Chinese imports to 104 percent.

A currency dealer works in front of an electronic board showing the Korea Composite Stock Price Index (KOSPI) and the exchange rate between the U.S. dollar and South Korean won in the dealing room of a bank, in Seoul, South Korea, April 9, 2025. REUTERS/Kim Soo-hyeon TPX IMAGES OF THE DAY

Video Duration 00 minutes 28 seconds

00:28

US sets 104% tariffs on Chinese goods, Trump demands retaliatory levies be lifted

Published On 9 Apr 2025

  • Global markets have slumped in response to President Donald Trump imposing his latest round of tariffs, which took effect at 12:01am EST on Wednesday (04:01 GMT) and are aimed, he said, at countries that are “ripping off” the United States.
  • The FTSE 100 in London opened more than 2 percent lower after Japan’s Nikkei 225 and Taiwan’s TAIEX fell more than 4 percent and nearly 6 percent, respectively, in early trade.