Trump warns of a 50% tariff on China if they maintain their retaliatory tariffs.

The U.S. will impose an additional 50% tariff on China starting Wednesday unless China retracts its planned 34% retaliatory tariff, according to President Trump. China has until Tuesday to respond, having introduced its tariffs following Trump's reciprocal trade strategy. If the tariffs proceed, the total duty on Chinese goods could reach 104%. Trump has warned that any country retaliating against the U.S. will face even higher tariffs. Tensions remain high as both nations engage in an escalating trade conflict, with China also imposing various tariffs on U.S. goods.