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China will raise the additional tariffs on products imported from the United States to 125 percent, effective from Saturday, Xinhua news agency reported citing a statement by the Chinese Customs Tariff Commission of the State Council.
The announcement follows the U.S. move to raise the "reciprocal tariffs" on Chinese imports to 125 percent. The commission said the U.S. imposition of "excessively high tariffs on China seriously violates international economic and trade rules, goes against basic economic laws and common sense, and is nothing but unilateral bullying and coercion," according to Xinhua.
The US tariff rate on most Chinese imports now amounts to 145%.
US President Donald Trump announced a new levy of 125% on goods from China on Wednesday, but the White House has since clarified that rate is on top of an already existing tariff of 20%.