Main Points Donald Trump’s new tariffs have come into force, including a tariff of 104% on China, the world’s biggest exporter. Higher tariffs on China were announced after Beijing refused to meet Mr Trump’s deadline to withdraw retaliatory levies on the US. Mr Trump said overnight that the US is “very shortly” going to announce a “major tariff” on pharmaceuticals, which he claims will pressure pharma companies to “leave China” and build manufacturing capacities in the US. Mr Trump has targeted a list of 60 “worst offending” countries - who will face tariffs ranging from 11% - 50%. The European...