Latest tariffs kick in as trade war deepens

New taxes: Shipping containers are loaded onto waiting trucks at the Long Beach Container Terminal in California. Goods already in transit as of midnight Tuesday will be exempt from the new levies as long as they arrive by May 27. — AP

BEIJING: President Donald Trump’s “reciprocal” tariffs on dozens of countries took effect yesterday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations.

Trump’s punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and driven worldwide stocks sharply downward.