China calls Trump's trade war a joke, jumps tariffs on U.S. goods to 125%

In the latest trade back-and-forth, China has surged its tariff rate on US goods from 84% to 125%, at the same time saying it won't negotiate if the U.S. continues to engage in "trade blackmail."China's Ministry of Commerce | Image credit: N509FZ at Wikimedia Commons
Starting on April 12, the Chinese government will raise tariffs on all U.S. goods by another 41%. This increase comes two days after the last increase, saw tariffs surge from 34% to 84%.In a statement released by China's State Counc