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Trump's new tariffs take effect, with 104 on Chinese goods

This photo illustration shows Chinese 100 yuan notes (red) and US 100 dollar notes, in Beijing on April 8, 2025. [AFP]

US President Donald Trump's punishing tariffs on dozens of economies came into force Wednesday, including over 100 percent in levies against Chinese goods, sending markets into a tailspin again as the devastating global trade war intensified.

Following the sweeping 10 percent tariffs that took effect over the weekend, rates on imports to the United States from exporters like the European Union or Japan rose further at 12.01 am (0401 GMT) Wednesday.

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