**China-U.S. Trade War Intensifies with Escalating Tariffs** The trade war between China and the United States has reached a critical juncture as both nations continue to impose steep tariffs on each other's imports. On Friday, China's Ministry of Finance announced that it would increase tariffs on U.S. goods to 125%, effective Saturday. This move comes in direct response to the U.S. raising its duties on Chinese imports to the same level, a decision that Beijing claims violates international trade rules. The escalation began last week when President Donald Trump announced a 34% tariff on Chinese imports. China retaliated with an equivalent duty, prompting the U.S. to raise its tariffs by 50%. In turn, China imposed an 84% tariff on U.S. goods. The tit-for-tat exchange continued unabated, with Trump further increasing tariffs on Wednesday, despite pausing similar measures for other countries. China's Ministry of Finance has indicated that it will not retaliate further if th...
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