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Trump hits back with a 125% tariff in escalating trade war with China

BANGKOK (AP) — President Donald Trump raised the tariff on Chinese imports to 125% on Wednesday, hours after China boosted the duty on American goods to 84% in an escalating battle that threatens to disrupt trade between the world’s two largest economies. Citing a lack of respect, Trump set China apart from other countries. He said in a social media post that he is pausing his so-called “reciprocal tariffs” on many other trading partners because they had responded by reaching out for talks rather than retaliating. The tit-for-tat hikes between the U.S. and China are the latest in an ongoing…

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