Trump tariffs on China set to rise to 104% Wednesday : White House 

WASHINGTON D.C. : The Trump administration will hit China with 104% tariffs starting at 12:01 a.m. Wednesday, the White House said Tuesday.

President Donald Trump had threatened an extra 50% on tariffs against China − in addition to an initial 20% that was supplemented by 34% “reciprocal” levies Wednesday − after Beijing said it would respond with a 34% tax of its own.

On Tuesday, White House Press Secretary Karoline Leavitt told reporters the full package of more than 100% in levies would kick in overnight.

“It was a mistake for China to retaliate,” she said. “When America is punched, (Trump) punches back harder, and that’s why there will be 104% tariffs going into effect on China tonight at midnight.”

Leavitt said Trump wanted her to tell reporters that if China “reaches out to make a deal he will be incredibly gracious, but he’s going to do what’s best for the American people.”

Leavitt declined to say what it would take for Trump to pull back on the tariffs, saying it would be imprudent for her to share those conditions from the podium.

Source ; USA Today