Mumbai, April 11 -- China has escalated the trade war by raising tariffs on U.S. goods to 125% from 84%. The Customs Tariff Commission declared that U.S. products are "no longer marketable" in the mainland and said it will ignore any future tariff hikes from Washington. This comes after the White House confirmed that total U.S. tariffs under Trump's second term now stand at 145%. In response, Beijing unveiled new countermeasures, including higher duties on American goods and tighter restrictions on U.S. film imports, deepening tensions in the already heated trade standoff.
Published by HT Digital Content Services with permission from Capital Market....