That 125% tariff rate refers to this most recent round of tariffs rather than the tariff rate on Chinese goods overall, the White House confirmed Thursday, meaning that number does not include other tariffs that have previously been levied on China—most notably a 20% tariff that Trump levied because of China’s role in the fentanyl crisis.

President Donald Trump is set to impose an additional 84% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced on Tuesday. That will mean all goods from the country are subject to a tariff of at least 104%.

Leavitt confirmed that 104% tariffs will begin at 00:01 local time (05:01 BST) on Wednesday, after China refused to withdraw its retaliatory tariffs against America. She added that Trump believes China wants to make a deal.

China said it is raising its tariffs on U.S. products to 84%, up from its previously announced 34%, after President Trump's import duties on Chinese good went into effect at a rate of 104% Wednesday.

The United States said on Tuesday that 104 per cent duties on imports from China will take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by U.

Donald Trump says he is open to talks with Chinese President Xi Jinping after he hit China with an even higher tariff rate of 125% The US president has also announced a 90-day pause on the implementation of higher tariffs,

According to Fox Business reporter Edward Lawrence, “White House Press Secretary says 104% additional tariffs went into effect at noon Eastern time because China has not removed its retaliation. The 104% additional tariff will be collected starting tomorrow April 9th.

As the tariff turmoil takes a toll on financial markets, Trump advisers say about 70 nations want to make a deal.