Beijing on Friday increased its tariffs on U.S. imports to 125%, hitting back against U.S. President Donald Trump’s decision to hike duties on Chinese goods to 145% and raising the stakes in a trade war that threatens to up-end global supply chains. Meanwhile, the turmoil unleashed by Trump’s tariffs showed few signs of easing on Friday, with markets tumbling and foreign … Continue reading China hits back at US by increasing tariffs to 125pc