Trump’s China deal is no victory, just a tourniquet for the economic bleeding By Rich Lowry Published May 12, 2025, 6:58 p.m. ET ...

China hit back by putting export curbs on some rare earth elements, vital for U.S. manufacturers of weapons and electronic consumer goods, and raising tariffs on U.S. goods to 125%.

The U.S. will impose a 104% tariff on China beginning at 12:01 a.m. EDT Wednesday, White House press secretary Karoline Leavitt said in a briefing Tuesday.