Trump hits back with tariffs of 125%, after China raises its tariff on US goods to 84% [Video]

BANGKOK (AP) — President Donald Trump on Wednesday raised tariffs on China to 125%, hours after China boosted taxes on American imports to 84% and vowed to “fight to the end” in an escalating battle that threatens to disrupt trade between the world’s two largest economies.

The new rate levied by Beijing, which has taken effect, comes in response to Trump’s earlier move to raise the tariff on Chinese products to 104% as part of increases that hit U.S. trading partners worldwide. Europe and Canada also hit back Wednesday with new tariffs on imports from America.

Citing lack of respect, Trump responded by raising tariffs on China to 125%, while pausing tariffs on most countries for 90 days.

The hikes are the latest in an ongoing trade war that threatens to raise prices for consumers in America and derail China’s attempts to reinvigorate its sluggish economy. The response from the Chinese government signals its determination not to bend to Trump’s pressure, despite the risks.

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