China to further raise tariffs on US goods to 125% from 84% as trade war continues

China is set to escalate trade tensions with the U.S. by imposing 125% tariffs on American goods, a significant increase from the previously announced 84%. This move comes in response to increased tariffs by the U.S., raising concerns about a prolonged trade war between the two economic giants. China's economy faces challenges in revitalizing growth amidst a property market crisis.