SHANGHAI/HONG KONG -- China on Friday raised its retaliatory tariff rate against the U.S. to 125%, from 84%, and said it would not respond to further hikes by President Donald Trump.
Trade war
China hikes tariffs on U.S. to 125%, says it will stop there
Beijing says U.S. goods are not commercially viable under such high duties
Trucks bearing shipping containers cross the Donghai Bridge from Yangshan Port outside Shanghai on Feb. 7. © Reuters
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