China announces countermeasures by raising tariffs on US goods from 84% to 125% from Saturday

News Snapshot:

BEIJING (AP) — China announced countermeasures by raising tariffs on U.S. goods from 84% to 125% starting Saturday. The U.S. and China have escalated a new trade war by raising tariffs even as U.S. President Donald Trump hit a pause on tariffs for other countries. China notably had said it would fight the American tariffs with its own countermeasures, calling Trump's actions “economic bullying," which led Trump to retaliate by continuously hiking up tariffs this week. Trump’s universal tariffs on China total 145%. When Trump announced Wednesday that China faced 125% tariffs, he did not include a 20% tariff on...