China Hikes Tariffs on US Goods to 125 Percent

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China issues a 125 percent retaliation duty against the US. This comes after President Donald Trump announced he would pause tariffs above the 10 percent baseline for everyone but China. We have details on the latest escalation.

From oil to agricultural products, take a look at which U.S. industries are poised to get hit by China’s tariffs.

In the fallout from the trade war, Tesla has stopped accepting orders in China for two of its EV models, both of which normally get shipped to China from the United States. At the same time, cargo containers originally headed to the U.S. are now piling up in a Shanghai port.

And the man who heads the U.S. Indo-Pacific command sends out a warning that the Chinese Communist Party’s military threat is growing toward Taiwan and U.S. allies in the Pacific.

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