China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world's two largest economies that has rattled markets and raised fears of a global slowdown. While U.S. President Donald Trump paused import taxes this week for other countries, he raised tariffs on China and they now total 145%. China has denounced the policy as “economic bullying" and promised countermeasures. The new tariffs begin Saturday. MORE: https://www.wthr.com/article/news/nation-world/china-raises-tariffs-on-us-goods-again/507-0b97360f-7cec-46ea-8c2a-c36bd26c88de