MBABANE:China on Friday said it was raising its tariffs on American goods to 125% from 84% retaliating for the third time in the escalating trade war between the two superpowers, The New York Times reported.
“The announcement by the State Council, China’s cabinet, came after Trump administration officials clarified on Thursday that Chinese goods imported to the United States now face a minimum tariff rate of 145 percent.China said its new tariffs would take effect on Saturday,” reads the report in part.
US President Donald Trump and China's President Xi Jinping, seen here in a file photo, face a tense period ahead. (Reuters: Kevin Lamarque)