Counting down, less than 3 hours to go: US Imports from China face 104% tariff at midnight

Trump is set to impose a 104% tariff on Chinese goods starting Wednesday at 12.01am US Eastern time.

• the 104% is serviced from his 545% tariffs on China plus his added 50% in retaliation for China’s placing of tariffs on the US

US journalist Charles Gasparino says Trump is pressing ahead due to advice he has received that “the tumult in on Wall Street in stock market, while significant, will not be matched by a similar tumult in the Main Street economy”.

This article was written by Eamonn Sheridan at www.forexlive.com.