"China announced earlier that it had
raised its levies on U.S. goods to 125%, up from the previous 84%, but stated that it would "no longer respond" to any further tariff increases from Washington. This suggests that Beijing may begin rolling out non-tariff countermeasures.
Hours after the initial announcement—and about an hour into the U.S. cash session—
Bloomberg reported that China's Juneyao Airlines had delayed the delivery of a widebody aircraft from Boeing, according to people familiar with the matter.
The people said Juneyao was supposed to take delivery of the 787-9 Dreamliner in three weeks but will now hold off due to the escalating trade war. "