China, govt. raises tariffs on U.S. products from 84 to 125%

This move is part of an escalating trade war between the two largest economies, with China responding to U.S. tariff hikes. teleSUR

Transcript

00:00China raises tariffs on U.S. goods from 84% to 125% in response to the tariff war unleashed

00:07by Donald Trump's administration. Additional tariffs on goods imported from the United States

00:12will be revised as of April 12. The latest 41-point increase is another Beijing response

00:18to the so-called reciprocal tariffs imposed by President Donald Trump. Chinese authorities

00:23have reiterated that the imposition of the United States of abnormally high tariffs on

00:28the country violates international trade rules and runs counter to basic economic laws and

00:33common sense.