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US and China exchange new trade war blows as latest round of tariffs takes effect

from CNBC

The latest round of tariffs targeting U.S. and Chinese goods went into effect, raising the stakes in an escalating trade war between the world's two largest economies. President Donald Trump's administration levied tariffs of 10 percent on $200 billion of Chinese products that include furniture and appliances, with the rate set to increase to 25 percent by the end of the year. more


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