Trump hikes China tariff to 125%

US President Donald Trump has raised the tariffs on Chinese goods to 125% in response to retaliatory measures imposed by Beijing earlier on Wednesday.

In a post on his Truth Social platform, Trump wrote that “based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately.” 

He expressed hope that Beijing would realize that “ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.”

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