Beijing on Friday increased its tariffs on U.S. imports to 125%, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods to 145%, IPN reports.

"The application of abnormally increased tariffs by the U.S. on China seriously violates international and economic trade rules, basic economic laws and common sense, and amounts to completely unilateral harassment and coercion," China's finance ministry was quoted as saying by Reuters.

Washington exported €12 billion in goods to China in 2024, representing 21 percent of the state’s total goods exports last year, according to the Office of the United States Trade Representative.

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