China raises stakes in Trump’s tariffs ‘game’ with 125% levy on US goods | Business and Economy News

Beijing to challenge Washington before the WTO, saying the Trump administration to blame for the global economic ‘turbulence’.

China has announced it would raise tariffs on all United States goods to 125 percent, further deepening a trade war between the world’s two largest economies.

“The US’s imposition of abnormally high tariffs on China seriously violates international trade rules, basic economic laws and common sense,” Beijing’s State Council Tariff Commission said in a…