Additional 10% Tariff on China Takes Effect

An additional 10% tariff on all Chinese imports takes effect, building on existing tariffs from Trump's first term. China retaliates by imposing tariffs on US agricultural products and restricting exports of critical minerals. This is the opening move in what becomes an escalating tariff war culminating in 145% tariffs on Chinese goods by April 2025. The US-China trade war escalates significantly beyond first-term levels.