Under Trump's plan, the tariff on Chinese imports was originally set at 34%. Added to an existing 20% tariff on China, that brought the total rate to 54%. After Chinese officials announced retaliatory measures, the White House said the U.S. would raise the overall rate on Chinese imports by another 50% -- bringing it to a total of 104%.

President Donald Trump's decision to exempt many electronics from newly implemented tariffs has sparked surprise from critics, with some citing recent remarks by Commerce Secretary Howard Lutnick to quip about the latest scaling back of the controversial economic policy.