The Trump administration is touting the likelihood of reaching trade agreements with several countries. But the spat with China is just escalating.

That 125% tariff rate refers to this most recent round of tariffs rather than the tariff rate on Chinese goods overall, the White House confirmed Thursday, meaning that number does not include other tariffs that have previously been levied on China—most notably a 20% tariff that Trump levied because of China’s role in the fentanyl crisis.

White House officials clarified on Thursday that the 125 percent tariff the president announced on Wednesday was in addition to a 20 percent added to the country since President Trump returned to office.

The tariff fight between the world's two largest economies spiraled into greater peril Wednesday as President Donald Trump tried to narrow his global trade war into a direct — and risky — faceoff with Beijing.

President Donald Trump is in a tit-for-tat with China over tariffs. If the trade war continues Tennesseans and the rest of America could soon see prices going up.

U.S. President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war.

Trump's most recent tariffs, which affected almost all U.S. trade partners, increased import taxes on Chinese goods to 104%. Beijing responded with additional tariffs on U.S. imports, raising the total levy to 84% set to take effect within hours.

China says the U.S. is using tariffs to "seek selfish gains." President Donald Trump defended the tariffs he imposed on trading partners but acknowledged some problems in a meeting with his Cabinet on Thursday.

Chinese imports are being taxed at 104% and U.S. exports to China could face a 84% tariffs starting Thursday. The de minimus exemption is also ending.