China raised its total retaliatory tariff on U.S. imports to 125% today after the Trump administration clarified yesterday that U.S. duties on Beijing are actually 145% because of earlier fentanyl-related levies.

In a dramatic move Wednesday, Trump authorized a 90-day pause in the higher tariffs for most countries he announced last week while maintaining a 10% universal tariff.

Beijing’s retaliation came after the White House raised its tariff on Chinese goods to 125 percent, on top of an existing 20 percent tax.

The U.S. and China have escalated trade war by raising tariffs even as Trump hit a pause on tariffs for other countries.

Beijing’s retaliation came after the White House ratcheted up its tariff on Chinese goods to 125 percent, on top of an existing 20 percent tax.

U.S President Donald Trump's dramatic decision to pause hefty tariffs on dozens of countries was an important step towards stabilising the global economy, European Commission President Ursula von der Leyen said on Thursday.

China hiked its levies on imports of U.S. goods to 125% on Friday, hitting back at Donald Trump's decision to single out the world's No.2 economy for higher duties, while dismissing the U.S. president's tariff strategy as "a joke.

China had raised its duty on American goods to 84% in tit-for-tat hikes that threaten to disrupt trade between the world’s two largest economies.

China slapped the United States with a new tariff, raising the tax on American goods to 125%. It comes after the White House raised tariffs on China to 145%. Chinese President Xi Jinping responded to President Donald Trump for the first time saying it doesn’t fear economic suppression but “there are no winners in a tariff war.