China increases additional tariffs on US imports to 125%

China announced it would increase additional tariffs on US goods to 125 per cent starting April 12, in response to the escalating trade war with the US. The finance ministry stated it would not accept further US tariff increases on Chinese exports, calling the US’s actions a violation of international trade rules and unilateral bullying. The move comes amid a tit-for-tat exchange of tariffs between the two countries, with Trump’s aggressive tariff agenda causing market turmoil and disruptions to international trade.

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