China Hits Back With 125% Tariffs On US Goods, Trump Admits Trade War 'Cost' As Markets Sl
China said on Friday it would raise tariffs on US goods to 125 percent, further deepening a trade war between the world's two largest economies.
"The US's imposition of abnormally high tariffs on China seriously violates international trade rules, basic economic laws and common sense," Beijing's State Council Tariff Commission said in a statement shared by the finance ministry, adding that the new levy comes into effect on Saturday.
0:00 INTRO
2:13 TRUMP IS WAITING FOR XI TO CALL?
3:30 US WIELDING TARIFFS AS A WEAPON, SAYS CHINA
5:51 TRUMP THREATENS TO REIMPOSE ADDITIONAL TARIFFS IF…
#usa #trump #tradewar #china #tariffs
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