New US tariffs on China to hit 104pc on Wednesday as Beijing vows to fight back ‘blackmail’

Additional US tariffs on Chinese imports are set to reach 104 per cent on Wednesday, the White House told AFP, as Washington doubles down on planned action after Beijing vowed a “fight to the end” on levies. US President Donald Trump had vowed a further 50pc tariff on goods from China if Beijing did not retract upcoming retaliation — and the White House confirmed that Trump will proceed with this action, taking the overall added duties this year to 104pc. China vowed to “fight to the end” against the fresh tariffs of 50pc threatened by Trump, further aggravating a trade war that has already wiped trillions off global markets. Trump has upended the world economy with sweeping tariffs that have raised the spectre of an international recession but has ruled out any pause in his aggressive trade policy despite a dramatic market sell-off.