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The White House said that an additional 50% tariff on imports from China on top of the 34%

that President Donald Trump announced last week

would go into effect on Wednesday.

That would bring America's total tariff rate on Chinese goods to 104%.

Earlier, China promised to retaliate by imposing a 34% levy on American imports

and vowed to fight to the end.

As Mr. Trump's tariff deadline neared, Wall Street's benchmark SMP 500 index closed down by 1.6% on Tuesday,

reversing earlier gains. Global stock markets had partially rebounded after three dramatic days of

sell-offs, and American stocks spiked over 4%. Earlier, Scott Besant, America's Treasury Secretary,

signalled optimism about tariff negotiations, saying, quote, we can end up with some good deals.

Ukraine's president, Vladimir Zelensky, said that his country's forces captured two Chinese

nationals fighting with the Russian army in eastern Ukraine. He said other such fighters were

suspected to be operating at the front line

and that he has asked for an explanation from China, which denies directly helping Russia's war effort.

Earlier, Mr. Zelensky acknowledged that Ukrainian troops were active in Belgarod, a Russian border region.

...