This post was originally published on RT
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China has hit back at the US, raising retaliatory import tariffs to 125%
China has announced that it will raise retaliatory tariffs on select US imports from 84% to 125%, further intensifying the trade dispute between the world’s two largest economies. The move, detailed in a statement from Beijing’s State Council Tariff Commission, comes in direct response to Washington’s latest increase.
US President Donald Trump had recently declared a 90-day suspension of reciprocal tariffs on imports from 75 countries, lowering them to 10%, while simultaneously raising duties on Chinese goods from 104% to 125%.
Beijing’s earlier decision to increase tariffs to 84% was itself a response to prior US measures, setting off the latest round of tit-for-tat escalation in the spiraling tariff war.