The White House has implemented tariffs of 104% on Chinese goods, effective at 12:00 PM Eastern Time. This action, as announced by Press Secretary Karoline Leavitt, is in response to China’s imposition of 34% duties on exports from the United States. Tariff collection will commence on Wednesday. Following the announcement, US equity markets experienced a reduction in earlier gains. Gold prices declined below $3,000, despite a marginal increase of 0.27%. The US Dollar Index (DXY) also decreased, registering a 0.34% loss to reach 103.11.
