China hits back with fresh 125% tariff on US imports

China imposed fresh retaliatory tariffs on US imports on Friday.

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• China hit the US with a 125% tariff on imports on Friday.
• The move is the latest in a series of tit-for-tat tariff increases.
• China's finance ministry accused the US of "bullying and coercion."

China hit back at the US with a 125% tariff on imports on Friday, the latest escalation in the trade war between the two superpowers sparked by President Donald Trump's trade tariffs.