$BTC China has raised tariffs on goods from the United States to 125% in response to President Trump's recent increase in duties on Chinese imports to 145%, further exacerbating the ongoing trade war. Beijing criticized the actions of the United States as a violation of international trade norms and characterized them as unilateral and coercive. The new Chinese tariffs will take effect on Saturday. Meanwhile, German Finance Minister Jörg Kukies stated that the European Union is in a strong position to negotiate with 🇺🇲the United States, but warned that alternative measures may be considered if fair terms are not reached.

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