Singapore Lianhe Zaobao reported today: "US President Donald Trump and his officials indicated that these negotiations will not prevent the reciprocal tariffs from taking effect after midnight on Wednesday (April 9), including an additional 50% tariff on Chinese goods, which means that the US tariffs on Chinese goods will reach at least 104%."
[Smart Comment]: From an economic perspective, when the tariff rate exceeds 50%, its actual economic effect has tended to reach a state of diminishing marginal utility. The difference between a 50% and a 100% tariff rate is more symbolic in political terms than substantial in economics. More ironically, while Trump claims to pursue "reciprocal trade," he imposes an extreme tariff of 104% on Chinese goods. This policy behavior has clearly deviated from the normal scope of trade and is closer to economic coercion. This irrational tariff escalation cannot be simply defined as a conventional trade dispute but should be seen as unilateral plunder that violates international economic order. More alarmingly, such policies are dragging the global economy into systemic risks. When the US stock market experiences severe fluctuations, domestic inflationary pressures increase sharply, and the global supply chain suffers serious damage, American citizens may have to face a cruel reality: they have chosen a leader with serious flaws in economic governance.
Source: https://www.toutiao.com/article/1828880738866187/
Disclaimer: This article solely represents the author's personal views.