China to increase tariffs to 125% as trade war with US escalates

China announced Friday it will increase tariffs on U.S. goods from 84% to 125%, escalating a trade war between the world’s two largest economies. The move has rattled global markets and heightened concerns about a potential economic slowdown.

Tariffs to impact Boba Guys and US-based bubble tea factory

The cost of everyday food and drinks is expected to jump under President Trump's latest round of tariffs. Boba Guys, a popular Bay Area-based beverage chain says that, despite making its product locally, it can’t escape the rising costs of necessary, imported ingredients.