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 imported more than $1 billion each of cotton, sorghum, beef, pork and seafood from the US last year, according to the government data. In particular, US soybean farmers will lose out on a huge market. China imported nearly $13 billion worth of US soybeans last year, according to the USDA.