China has significantly increased tariffs on U.S. goods from 84 to an unprecedented 125 on Friday. This move comes as a countermeasure to the Trump administration’s similar actions.br br What Happened: China’s Customs Tariff Commission of the State Council has declared that any additional tariffs imposed by the U.S. will be disregarded. "Given that U.S. exports to China already have no market acceptability under the current tariff rates, if the U.S. further imposes additional tariffs on Chinese goods, China will simply ignore them.