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New 25 Percent Tariffs Draw Closer as China Announces $60 Billion in Trade Countermeasures

Two days after the United States said it would consider bumping the proposed 10 percent tariff on $200 billion worth of Chinese imports to 25 percent, China has responded with plans to impose tariffs on another $60 billion worth of U.S. products. With neither side backing down, and President Trump prepared to continue the escalations…

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