China’s Retaliatory Tariffs: Trade Friction with US Intensifies

In a ​move ‌signaling⁣ a‍ further deepening of economic tensions, the People’s Republic‌ of China has amplified import duties on commodities ⁢originating from the United⁢ States, escalating them to a substantial 125%. This action from Beijing is widely perceived as‍ a direct ⁣countermeasure‌ to the global tariff regime previously enacted by⁤ the administration‌ of Donald Trump, marking a ​significant⁣ intensification ‌of the ongoing trade dispute between the‍ world’s⁤ two largest economies.
Source: BBC News Report