China raising retaliatory tariffs on U.S. to 125% on April 12

China said Friday it will raise retaliatory tariffs on all U.S. goods to 125 percent starting the following day, up from the 84 percent imposed earlier this week, but added it will not respond to any further U.S. tariff hikes.The announcement comes after U.S. President Donald Trump brought total U.S. duties on all Chinese items to 145 percent, further escalating the trade war between the world's two largest economies.Beijing also said it has filed a new lawsuit with the World Trade Organization over the latest U.S. tariff hikes.Trump said Wednesday he will pause for 90 days the implementati…READ FULL ARTICLE