Trump announces extra 100% tariff on Chinese goods starting next month

President Trump said Friday he will impose an additional 100% tariff on imports from China starting next month — marking a significant escalation in the U.S.-China trade war.

The 100% tariffs will add on to any existing import taxes on Chinese goods, the president wrote in a Truth Social post. Tariffs on Chinese imports currently stand at 30%. 

This is a developing story; it will be updated.