China raises tariffs on U.S. goods to 125% as trade war deepens

News Snapshot:

An aerial view of new cars waiting for shipment at a pier for ro-ro ships in Yantai city in eastern China's Shandong province Sunday, March 30, 2025. (Chinatopix Via AP) CHINA OUT BEIJING — China announced countermeasures on Friday, raising tariffs on U.S. goods from 84% to 125% starting Saturday. The U.S. and China have escalated trade war by raising tariffs even as U.S. President Donald Trump hit a pause on tariffs for other countries. 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 China...