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New US-China Tariff Hikes Take Effect, WTO Suit Follows

As trade talks resume, so do the tariffs. On Thursday, both the U.S. and China imposed $16 billion worth of new tariffs on the other’s goods, rounding out the first $50 billion in tariffs President Trump promised to impose and China promised to reciprocate. That means U.S. importers bringing in any of the targeted goods—like…

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