President Trump amended an executive order Tuesday to officially raise tariffs on China by 50% — bringing the total amount of new import fees against the US adversary to a whopping 104%.

The additional tariffs are in response to China’s retaliatory 34% duty on US goods, which the Communist regime announced days after Trump revealed he would slap about 90 countries with reciprocal tariffs based on their trade imbalances with the US.

“I am ordering modification of the Harmonized Tariff Schedule of the United States (HTSUS) and taking other actions to increase the duties imposed on the [People’s Republic of China] in response to this retaliation,” Trump wrote.

“In my judgment, this modification is necessary and appropriate to effectively address the threat to the national security and economy of the United States,” he added.

Trump’s 50% retaliatory tariff on China is in addition to the 34% reciprocal levy announced last week and the previously imposed 20% duty on Chinese imports, which amounts to a 104% total tariff rate. 

The US will start collecting money from the new tariffs at 12:01 a.m. Wednesday. 

Trump touted that the country is already generating “$2 billion a day” in revenue from the levies during a speech at the National Republican Congressional Committee’s annual dinner Tuesday night. 

The president’s amended executive order also raises tariffs on de minimus shipments from China.

The duty on de minimus products — cheap goods valued at less than $800 — will rise from 30% to 90% under Trump’s retaliatory measures.

The levy against de minimus items goes into effect at 12:01 a.m. May 2.

On a per-postal-item basis, the fee will increase from $25 to $75 — and then go up to $150 on June 1, according to the executive order. 

Trump announced that he would be scrapping the de minimus exception for imports from China last week. 

Online Chinese retailers such as Temu and Shein have used the loophole to sell ultra-low-cost items to US consumers and could be hit hard by the new tariffs. 

The president briefly suspended the loophole in February before restoring the exemption in order to give the Commerce Department more time to develop a plan for how to collect the new revenues.

Chinese fast-fashion companies have utilized the 1930s-era trade rule in recent years to aggressively ramp up their exports of low-value items.

Cheap exports soared to $66 billion in 2023, up from $5.3 billion in 2018, according to a report released earlier this year by the Congressional Research Service.

The de minimus exception was initially implemented to allow tourists to bring souvenirs back home from abroad duty- and hassle-free.

This is a developing story. Check back for more information.