China lifts tariffs on US goods to 125%
China said yesterday it would raise its tariffs on US goods to 125% in a further escalation of a trade war that threatens to bring exports to a halt between the world's two biggest economies.
In a sign of investors' worries about the health of the US economy under President Trump's erratic stewardship, the dollar fell to a three-year low against the euro and by 1.3% against the yen.
In Beijing, China's State Council Tariff Commission said new tariffs of 125% on US goods would take effect today, almost matching the staggering 145% level imposed on Chinese goods coming into America.
A Commerce Minis - try spokesperson said the United States bore 'full responsibility for this', deriding Trump's tariffs as a 'numbers game' that 'will become a joke'.
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