"Around the close of Hong Kong trading hours, Beijing retaliated
tariffs by hiking levies on U.S. goods to 125%, up from the prior 84%. In a notable shift, the Chinese Communist Party announced it would "no longer respond" to any further tariff increases from Washington.
As the week concludes, the U.S. and China are locked in a heated, once-in-a-century trade war. Earlier, President Trump announced a 90-day suspension of additional country-specific tariffs for countries that have refrained from taking retaliatory measures—an apparent attempt to isolate China and use tariffs to get Beijing to strike a trade deal."
ZeroHedge
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