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- China hit the US with a 125% tariff on imports on Friday.
- The move is the latest in a series of tit-for-tat tariff increases.
- In a statement, China's finance ministry accused the US of "bullying and coercion."
China hit back at the US with a 125% tariff on imports on Friday, the latest escalation in the trade war between the two superpowers sparked by President Donald Trump's tariffs.
"The US's imposition of abnormally high tariffs on China seriously violates international economic and trade rules, basic economic laws and common sense, and is completely a unilateral bullying and coercion," China's finance ministry said in a statement Friday.
Earlier this week, China had imposed an 84% tariff on US goods.
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