China has raised its retaliatory tariffs on US imports from 84% to 125%, the State Council Tariff Commission said in a statement on Friday. …
“The successive imposition of excessively high tariffs on China by the US has become nothing more than a numbers game, with no real economic significance,” a spokesperson for China’s Commerce Ministry said in a statementFriday. “It merely further exposes the US practice of weaponizing tariffs as a tool of bullying and coercion, turning itself into a joke,” the spokesperson added.
There was a piece on the news last night: a woman who owns a company that sells purses, crying a river about how the price of her goods is soaring, and changing vendors will take months.