GLOBAL TARIFF BATTLE ESCALATES AS CHINA RETALIATES WITH 125% TARIFFS ON US GOODS

(AP) — China has announced that it will raise tariffs on U.S. goods from 84% to 125%. The move on Friday is the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown. While U.S. President Donald Trump paused import taxes this week for other countries, he raised tariffs on China. The new tariffs now total 145…