The White House announced that China's government missed its deadline to lift retaliatory tariffs, so U.S. levies on imports from China will rise to 104%.

The U.S. will impose a 104% tariff on China beginning at 12:01 a.m. EST Wednesday, White House press secretary Karoline Leavitt said in a briefing Tuesday. Starting tomorrow, the White House will begin collecting steep levies on imported goods from China,

President Donald Trump threatened to add new tariffs on China if Beijing doesn’t remove its retaliatory duties by today. Follow live news updates as countries and the stock market react to Trump’s tariff moves.