Industry News

China Raises Retaliatory Levies on US Goods to 125%

The move is reportedly Beiijing’s last increase as trade between the world’s largest economies reaches a stalemate.

A day after Trump imposed a 90-day pause on tariffs, excluding China, China has raised retaliatory levies on US goods to 125%.

The move is reportedly Beiijing’s last increase as trade between the world’s largest economies reaches a stalemate.

Despite worsening trade tensions with China, President Trump said Thursday he was not tracking a fall in the stock market upon meeting with Cabinet secretaries.

While acknowleding that his tarifs will pose what he called “transition probelms,” President Trump said he believes his policies will ultimately help the US.

Keep Up With Our Content. Subscribe To Happi Newsletters