China has sharply increased tariffs on a range of US goods, raising the average rate from 84% to 125%, in response to US President Donald Trump’s latest tariff hike. The move significantly escalates ongoing trade tensions between the world’s two largest economies, Bloomberg reported. Trump’s recent tariff announcement aimed at safeguarding American manufacturing has drawn criticism from global trade experts, warning of potential economic disruptions. China’s response signals a deepening rift that could impact global markets and supply chains. Both countries are now bracing for economic consequences as the trade war shows signs of reigniting. Tariff War: China’s 84% Retaliatory Tariffs on US Imports Come Into Force.

Tariff War Between US and China Heats Up

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