China said it would raise its retaliatory tariff on U.S. goods to 125%, matching the latest duty imposed by the White House on Chinese goods. The 125% tariff will go into effect Saturday, China’s tariff commission said.

China will pay no attention if the United States continues to play the "tariff numbers game", China's foreign ministry said on Thursday, after the White House outline how China faces tariffs of up to 245% due to its retaliatory actions.

The White House said China is facing up to a 245 percent tariff on imports to the U.S. "as a result of its retaliatory actions," as the trade war between the world's two largest economies continues to heat up.