China's finance ministry announced on Friday that starting Saturday, it will increase tariffs on US goods from 84% to 125%. This move is part of the ongoing trade war between the two countries, which has raised concerns about its negative impact on the global economy. The escalation began after President Trump announced significant tariff increases on all US trading partners, with China being the most heavily affected. Contrary to previous reports, the White House confirmed on Wednesday that the total base tariff on China will be 145%, a higher figure than initially anticipated.