India, April 11 -- China on Friday announced its decision to raise retaliatory tariffs on US imports from 84 percent to 125 percent, further escalating the trade war between the world's two largest economies.

China's State Council Tariff Commission said in a statement: "Adjust the tariff rate stipulated in the 'Announcement of the State Council Tariff Commission on Adjusting the Tariff Measures on Imports Originating from the United States' (Tax Commission Announcement No. 5 of 2025) from 84% to 125%."

China made the latest move in the trade war, which has hit the global markets just hours after US President Donald Trump raised tariffs on Beijing to 145 percent.

The trade war between the two largest economies has fueled recession fear ...