Trump hits China with more tariffs, sharply escalating trade dispute
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(Worthy News) – U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets.
The announcement on Thursday extends Trump’s trade tariffs to nearly all of the Chinese goods the United States imports and marks an abrupt end to a temporary truce in a trade row that has hurt world growth and disrupted global supply chains.
Trump also threatened to raise tariffs further if China’s President Xi Jinping fails to move more quickly to strike a trade deal. [ Source: Reuters (Read More…) ]
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