China on Friday struck back at President Trump's ballooning tariffs, raising its duties on imports of US goods to 125% from 84%. The countermeasures will come into effect Saturday, further intensifying a US-China trade war that has roiled US stocks.

Consumer electronics, which are largely made in China, saw potential levies as high as 145% under President Trump’s tariffs. An announcemen

President Donald Trump’s total 145% tariffs on all goods from China was expected to hit tech companies like Apple, which relies on Chinese factories to assemble the iPhone.

Consumer fears grew that the price of Chinese-made goods like iPhones could skyrocket following Trump’s harsh tariffs on the country.

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Companies are slapping "Trump tariff" surcharges on customers' bills in a bid to signal where price hikes are coming from.

While President Trump paused import taxes this week for other countries, he raised tariffs on China and they now total 145%.