By Elisabeth Buchwald, CNN
Goods being shipped out from China, by far the biggest target, are now subject to at least a 104 percent tariff
Photo: AFP
Despite rattled financial markets, threats of retaliation and some of President Donald Trump’s biggest supporters encouraging him to back off his signature economic policy, he didn’t give in.
His administration piled on heaps of new “reciprocal” tariffs Wednesday on dozens of American allies and adversaries alike, aiming to – as he claims – restore fairness and boost American manufacturing.
Goods from China, by far the biggest target, are now subject to at least a 104 percent tariff. Trump tacked on even higher tariffs…