China said on Friday it will raise tariffs on US goods to 125%, further deepening a trade war between the world's two largest economies. Earlier President Xi Jinping said that China and the European Union must "jointly resist unilateral bullying", after a meeting with Spanish Prime Minister Pedro Sanchez in Beijing. Follow our liveblog for the latest developments.
Yesterday's key developments:
US PresidentDonald Trumpacknowledged "transition problems" on Thursday asWall Streetshares fell sharply amid lingering concerns about the economic fallout from histrade war, despite a U-turn ontariffs. The EU earlier said it will suspend its retaliatory levies on the US for 90 days, matching Trumps tariff rollback and leaving room for a negotiated solution.
Meanwhile, the trade war between the US andChinaescalated as theWhite Houseconfirmed 145% tariffs on most Chinese goods.Beijingearlier announced an 84% tariff on US goods.
(FRANCE 24 with AFP, AP and Reuters)
Originally published on France24
