China’s e-com giant JD-com to invest $27 bn to help exporters go domestic

China’s e-commerce giant JD.com said on Friday it will launch a 200 billion yuan ($27.35 billion) fund to help the country’s exporters sell their products domestically over the next year, as a US-China trade war intensifies.

Beijing increased its tariffs on US imports on Friday to 125%, hitting back against US President Donald Trump’s decision to hike duties on Chinese goods to 145%.