Industry News

China Raises Retaliatory Levies on US Goods to 125%

The move is reportedly Beiijing’s last increase as trade between the world’s largest economies reaches a stalemate.

A day after Trump imposed a 90-day pause on tariffs, excluding China, China has raised retaliatory levies on US goods to 125%. The move is reportedly Beiijing’s last increase as trade between the world’s largest economies reaches a stalemate. Despite worsening trade tensions with China, President Trump said Thursday he was not tracking a fall in the stock market upon meeting with Cabinet secretaries. While acknowleding that his tarifs will pose what he called “transition probelms,” Pres...

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