Live Updates: China Raises Tariffs on U.S. to 125% as Tit-For-Tat Trade War Escalates

Beijing’s latest retaliation came after the White House raised its levy on Chinese goods to 125 percent, on top of an existing 20 percent tax. Stocks in Europe were volatile, following losses on Wall Street a day earlier.Beijing’s latest retaliation came after the White House raised its levy on Chinese goods to 125 percent, on top of an existing 20 percent tax. Stocks in Europe were volatile, following losses on Wall Street a day earlier.