China Raises Tariffs on U.S. Imports to 125%

On Friday, China responded to the rates of President Trump, increasing its rates on American assets to 125 percent, from 84 percent.

The announcement of the Chinese Council of State came after the Trump administration officials clarified on Thursday that China was facing a minimum tariff rate of 145 percent on all exports to the United States.

China said its new rates will take effect on Saturday.

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