China announced further retaliatory measures against the United States on Friday, raising tariffs on American goods to 125% as the trade war between the two countries continues to escalate. The action comes after President Donald Trump on Wednesday raised tariffs on China to 125% in addition to a 20% tariff he had placed on the …
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China announced further retaliatory measures against the United States on Friday, raising tariffs on American goods to 125% as the trade war between the two countries continues to escalate.
The action comes after President Donald Trump on Wednesday raised tariffs on China to 125% in addition to a 20% tariff he had placed on the communist nation, citing its role in the fentanyl trade. American products expected to be most impacted by the new tariffs include soybeans, pharmaceutical drugs, and airplanes.
