China imposing 125% tariffs on US imports amid trade war

China is announcing 125% tariffs on U.S. imports starting Saturday, escalating tensions as the trade war between the two powers continues.

The Chinese Ministry of Finance announced on Friday, April 11, that it will impose new tariffs on U.S. imports, raising the rate to 125 percent. China is imposing 125% tariffs on U.S. imports from today, marking a significant escalation in the ongoing trade war between the two powers.

Despite the sharp increase, Beijing emphasized that it...