China has announced that it will increase tariffs on U.S. products from 84% to 125% beginning Saturday. As U.S. President Donald Trump paused tariffs on other countries, the U.S. and China escalated their new trade war. China had notably said that it would fight American tariffs with its countermeasures. Trump's actions were called "economic bullying," which led Trump to … [Read more...] about China Hits Back: Tariffs on US Goods to Soar to 125%
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