China raises tariffs on US goods to 125% as trade war ramps up

BBC LIVE Summary

China raises import taxes on US goods to 125% as the trade war with the US over Donald Trump's global tariffs escalates

Beijing faces a 145% levy on some of its goods imported to the US - here's how the tit-for-tat retaliations have unfolded

President Xi Jinping calls on the EU to join China in opposing "bullying" from the US, saying "there are no winners in a tariff war"

Despite this, Donald Trump says he is still hoping to secure a deal with Beijing, saying they would "end up working something out that's very good for both countries"

Meanwhile gold has risen to a record high as investors flock to safe-haven assets

Markets tracker: Europe's three main indexes and many Asian markets are down due to the tariffs uncertainty