India, April 11 -- China raised tariffs on US goods on Friday from 84 per cent to 125 per cent, after the US increased the duties it had levied on Chinese products to a total of 145 per cent.

As the world's two largest economies tussle, global markets also bear the brunt of their trade war. However, how far can they up the ante on tariffs, and what are the next moves China could potentially take in the tariff war? Follow LIVE updates on the tariff war here

After US President Donald Trump was sworn into office for his second term, one of his first decisions was to tax Chinese products 25 per cent in rising increments claiming that Chinese involvement in fentanyl supply had harmed the US.

China denied these claims and retaliated against ...