China Escalates Trade War With Trump. Slaps 125% Tariffs on U.S. Goods. - Barron's
1. China raised tariffs on U.S. goods to 125%, escalating trade tensions. 2. Tesla halted orders for Model S and Model X in China due to tariffs. 3. China denies further tariff escalations but warns of counterattacks if provoked. 4. Trade uncertainty affects businesses globally, including U.S. companies like Tesla. 5. China strengthens trade ties with other countries, potentially impacting U.S. exports.