China’s 125% tariffs on US could mean costlier iPhones: How will Trump respond?

China has hit back at President Donald Trump as it announced further tariffs of 125 per cent on US goods in further signs that a full-blown trade war could still worsen. The US president refused to offer China a three-month reprieve from tariffs after it quickly retaliated against Trump following Liberation Day. The Chinese finance ministry said it was prepared to take strong countermeasures against the US and continue to “fight to the end” in its full-blown trade war. Trump said on Wednesday that all countries would face “uni tariffs of ten per cent in 90 days but he accused China of a “lack of respect” after it had imposed 84 per cent tariffs on China. Read more of the story here 👇 https://www.cityam.com/china-escalates-fiery-trade-war-with-trump-with-125-per-cent-tariffs/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Matt Keyon, Emmanuel Nwosu, Joe Lee, Joseph Curay Teneda