China hits back at Trump tariff hike, raises duties on US goods to massive 125pc
Beijing on 11 April increased its tariffs on US imports to 125 per cent, hitting back against US President Donald Trump’s decision to hike duties on Chinese goods to 145 per cent, raising the stakes in a trade war that threatens to up-end global supply chains.
The hike comes after the White House kept the pressure on the world’s No. 2 economy and second-biggest provider of US imports by singling it out for an additional tariff increase, having paused most of the “reciprocal” duties imposed on dozens of other countries
