Trump’s sweeping new tariffs in effect, including 104% on goods from China

Trump says he’ll consider “tailored” tariff deals on case-by-case basis President Trump’s tariffs on imports from dozens of countries came into force Wednesday, including 104% on goods from China, dramatically ramping up a potential global trade war. The tariffs took hold at 12:01 a.m. EDT. Mr. Trump’s tariffs have shaken the dynamics of the decades-old global trading order, increased recession fears and sent shudders through financial markets. Asian markets resumed their slide Wednesday. Japan’s Nikkei 225 lost 3.9% and Hong Kong’s Hang Seng declined 0.4%, though the Shanghai Composite index turned around early losses, climbing 0.9%. Taiwan’s Taiex plummeted 5.8%….