US raises tariffs on Chinese goods worth $200bn

The US has more than doubled tariffs on 200 billion dollars worth of Chinese products, in a sharp escalation of the countries’ damaging trade war.

Tariffs on affected Chinese goods have risen from 10 percent to 25 percent and Beijing has vowed to retaliate.

China says it deeply regrets the move and will have to take necessary counter-measures.

It comes as high-level officials from both sides are attempting to salvage a trade deal in Washington.

Only recently, the US and China appeared to be close to ending months of trade tensions.