China announced countermeasures by raising tariffs on U.S. goods from 84% to 125% starting Saturday. The U.S. and China have escalated a new trade war by raising tariffs even as U.S. President Donald Trump hit a pause on tariffs for other countries. Trump’s universal tariffs on China total 145%. Jason Greer, Founder and President of the Greer Consulting, Inc weighs in.
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